Lao kip (LAK)

The Lao kip (symbol: ₭, ISO code: LAK) is the official currency of the Lao People's Democratic Republic, managed by the Bank of the Lao PDR. First introduced in 1952 to replace the French Indochinese piastre at par, the kip is divided into 100 att, though minor units are no longer in circulation due to inflation. Modern banknotes feature depictions of national landmarks, agricultural motifs, and historical leaders.