Kip (Lao: ກີບ) is the unit of money in Laos (ISO 4217 code, according to the international abbreviation LAK) one has 100 Kip (Lao: ອັດ) in the year 1993. 2522 (1979) value for money reform occurs by changing the old 100 Kip, Kip 1 is equal to the current exchange rate in April was equal to Euro 1 2548 (2005) 13636 Kip and 1 US dollar equals 10,500 Kip Lao People's Democratic Republic National Bank is responsible for issuing currency printing
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