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Topic: Kip (currency)

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	Lao kip - Wikipedia, the free encyclopedia
		The royal government issued kip banknotes in denominations of 1, 5, 10, 50, 100 and 500 in 1955, 20, 200 and 1000 in 1963 and new 10, 1000 and 5000 kip in 1974–1975.
		The Phat Lao kip was issued in 1976 in denominations of 1, 10, 20, 50, 100, 200 and 500 kip, replacing the royal kip at 1 Phat Lao kip = 20 royal kip.
		The highest denomination, 50,000, was introduced on January 17, 2006, and is similar to the 10,000 and 20,000 kip notes.
	en.wikipedia.org /wiki/Kip_(currency) (346 words)

	Currency (Site not responding. Last check: 2007-11-05)
		Currency is the creation of a circulating medium of exchange based on a store of value.
		Currency evolved from two basic innovations: the use of counters to assure that shipments arrived with the same goods that were shipped, and the use of silver ingots to represent stored value in the form of grain.
		It was with Archimedes' principle that the next link in Currency occurred: coins could now be easily tested for their fine weight of metal, and thus the value of a coin could be determined, even if it had been shaved, debased or otherwise tampered with.
	currency.iqnaut.net (2530 words)

	fx4business
		Currency unit of FAROE IS. (=100 ORE) and ICELAND (=100 AURAR).
		Currency established in 1960 at par with the CEYLONESE RUPEE.
		In such circumstances, the value of the currency is usually multiplied by a power of 10 (100, 1000 etc. Although other factors are sometimes used) and the name is either changed or has the epithet "new" added to it.
	www.fx4business.com /services/qfer2.html (2623 words)

	[No title] (Site not responding. Last check: 2007-11-05)
		Efforts by Lao authorities to stabilise the kip currency were failing and the country had little hope of emerging unscathed from the crisis which has swept the region since being sparked by last July's float of the Thai baht, the Bangkok-based Thai Farmers Bank Research Centre said in a report received over the weekend.
		As the kip has declined, the government has introduced a range of measures to stabilize the unit, including halting the sale of foreign currencies by banks and imprisoning flmarket dealers.
		The introduction of 5,000 and 2,000 kip banknotes, (previously the highest denomination was 500 kip) sparked fears of renewed inflation and further speculation against the kip, observers say.
	home.vicnet.net.au /~lao/laonews/old/062198.txt (705 words)

	Money
		Currency paper is composed of 25 percent linen and 75 percent cotton.
		The design of U.S. currency incorporated a Treasury seal, the fine-line engraving necessary for the difficult-to-counterfeit intaglio printing, intricate geometric lathe work patterns, and distinctive cotton and linen paper with embedded red and blue fibers.
		Currency was reduced in size by 25 percent, and a consistent design was introduced with uniform portraits on the front and emblems and monuments on the back.
	www.kipaddotta.com /money.html (1557 words)

	www.lao.ch---Lao travel info & galleries (Site not responding. Last check: 2007-11-05)
		Kip notes are 20000, 10000, 5000, 2000, 1000, 500, 100, 50, 20,10,5,and kip.
		Laos has one kip currency, but in reality, Thai baht is used in Laos as well as US dollars.
		Other currencies such as UK pounds, Euro, Canadian and Australian dollars and Japanese yen are accepted in the bank in Vientiane, Luang Prabang or many major towns.
	www.lao.ch /lao-ch/english/about-visitor/money.htm (441 words)

	Vertical's Currency - Kip Hanrahan - Similar Albums
		Sting founded the Pangea label in the mid-'80s, unearthing some important and overlooked recordings from the defunct American Clave catalogue, much to the delight of ears lucky enough to hear (as a side note, some of tango sensation Astor Piazolla's most important work would be lost were it not for the mining of such treasure).
		Such is the case for Kip Hanrahan, a soulful, New York-based percussionist and producer who unleashed two particularly fantastic albums -- Days and Nights of Blue Luck Inverted and Vertical's Currency -- a lush, sensuous Afro-Cubano feast for the ears that is so warm as to engulf the listener with flames.
		Vertical's Currency overflows with rich contributions in an organic stew of worldly fusion that slinks through the city streets after hours.
	www.mp3.com /albums/107562/similar.html (1013 words)

	Laos Currency
		The Kip is the official currency of Laos.
		The bank notes are presently in denominations of 1 Kip, 10 Kips, 20 Kips, 50 Kips, 100 Kips and 500 Kips and 1,000 Kips.
		The key currency is US dollars, but ensure that you take new edition currency as old edition $50 and $100 bills are often not accepted.
	www.asian-money.com /laos/index.html (258 words)

	How Some Funds Benefit From a Weaker Dollar - Kiplinger.com
		Typically, stock-fund managers who hedge out currency risk do so because they feel they are first and foremost stockpickers and they don't have any feel for currency fluctuations.
		He only hedges when the fund has a substantial exposure to a particular currency that he believes is significantly overvalued.
		Partly because of its currency hedging, the fund, which held just 21 stocks as of September 30, returned a sub-par 14% annualized over the past three years.
	www.kiplinger.com /columns/fundwatch/archive/2006/fundwatch1204.htm (813 words)

	Currency - Real Time & Delayed Quotes, Charts, News and Data for Futures, Stocks, Commodities and Indexes - TradeSignals (Site not responding. Last check: 2007-11-05)
		18th century and through the 19th century was the creation of a central monetary authority which had a virtual monopoly on issuing currency, and whose notes had to be accepted for "all debts public and private".
		Frequent Flyer Miles: A type of private currency, different versions of which are issued by most major airlines to encourage customer loyalty.
		global currency have accelerated, even while it is recognized that several political and economic factors would need to be addressed and intermediate steps taken before such a concept might be accepted by the diverse nations of the world.
	www.tradesignals.com /glossary/Currency (2208 words)

	Currency and Banking - Dok Champa Oct-Dec 1993 (Site not responding. Last check: 2007-11-05)
		The kip is the official currency of the Lao PDR.
		The smaller denominations are being withdrawn from circulation.
		The exchange of foreign currency must be made at a bank of licensed foreign exchange bureau.
	www.mekongexpress.com /laos/articles/dc_1293_currency.htm (416 words)

	kip - Search Results - MSN Encarta
		- unit of currency in Laos: the main unit of currency of Laos
		The American astronomer Kip Thorne of California Institute of Technology in Pasadena, California, has evaluated the chance that fl holes can...
		The unit of currency in Laos is the kip, which until the Asian financial crisis of 1997 was valued at 920 kip to U.S.$1.
	encarta.msn.com /kip.html (152 words)

	Calculator for Lao Kip (LAK) Currency Exchange Rate Conversion
		Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
		The Lao Kip is the currency in Laos (People's Democratic Republic of Lao, LA, LAO).
		View the currency factors, the data sources, the update dates, and smallest currency units
	coinmill.com /LAK_calculator.html (341 words)

	Laos Pages Newsboard
		The Lao currency, the kip, is now in freefall at a time when other regional currencies have steadied, following the first wave of devaluations accompanying the economic crisis.
		It is now trading at 6,750 kip, a sharp drop since mid-February when it stood at the official rate of about 4,300, and only a little more on the fl market.
		As confidence in the kip fell, many people withdrew their holdings of kip and foreign currencies from the state and commercial banks, leading to a grave shortage of liquidity throughout the system.
	private.addcom.de /asiaphoto/laos/news1_t.htm (792 words)

	Currency FAQ: Forex Basics (Site not responding. Last check: 2007-11-05)
		A currency zone is a country or region in which a specific currency is the dominant medium of exchange.
		prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other.
		While these can hardly be considered stable currency systems, they present many of the same features as "legitimate" currency: they are a store of value, issued in discrete units; they are controlled by a central issuing authority; and they have varying rates of exchange with other forms of currency.
	www.currencyfaq.com /currency-basics.html (601 words)

	Kip Keino - Search Results - MSN Encarta
		Keino, Kip, born in 1940, Kenyan track-and-field athlete and two-time gold medalist at the Olympic Games.
		He is best known for his training at about...
		The contest in the 1500-meter race between Kenyan distance runner Kip Keino and American track star Jim Ryun, then the world record holder for the...
	encarta.msn.com /Kip_Keino.html (82 words)

	[No title]
		A declining currency, galloping inflation and a flight of foreign capital have followed in the wake of the government's efforts to insulate Laos from the financial turmoil in the rest of Southeast Asia.
		However, the currency issue became more controversial in July, when the Lao authorities tried to control the declining exchange rate by decree.
		GDP was 1.7 trillion kip in 1996 and has shown steady growth of around 6% over the last five years.
	home.vicnet.net.au /~lao/laonews/old/laos1120.txt (997 words)

	Asia Times: Laos takes long and winding market road
		He stressed the government was also committed to "increased transparency, improved budgetary procedures [and] administrative reforms" and was determined to decentralize decision-making to improve the efficiency with which foreign investment is approved and foreign aid disbursed.
		From June 1997 to June 1999 the kip lost 87 percent of its value and reached a crisis point in September 1999 when it fluctuated wildly, falling from 3,500 kip to the dollar to 9,000.
		Part of the reason for the lack of urgency on the part of the government in tackling inflation is that it has had less impact in rural areas because agriculture ensures basic food security for villagers.
	www.atimes.com /reports/BK28Ai01.html (2419 words)

	Laos Kip and Laos currency information including currency exchange rates
		The Lao Kip, denoted by the ISO code LAK, is the official currency of Laos.
		A currency reform took place in 1979, with the exchange rate of 100 old kip being replaced by one new kip.
		The Asian financial crisis, coupled with the Lao Government's own mismanagement of the economy, resulted in spiraling inflation and a steep depreciation of the kip, which lost 87% of its value from June 1997 to June 1999.
	www.gocurrency.com /countries/laos.htm (456 words)

	Laos Travel - Laos Travelogues
		The local currency, the Kip, is all but worthless.
		We changed fifty dollars at the border, double-taking when we were presented with three inches of currency – 260 notes in total (455,000 Kip).
		Going through our currency, admiring the communist imagery, we were struck by a 500 Kip note (5 cents), that had obviously been torn in half and meticulously repaired with a strip of bandage that, in the West, would have cost more than the note.
	www.ourreallybigadventure.com /southeastasia/laos/laos.html (1058 words)

	Elementary Penguin » Happy Lao New Year (Site not responding. Last check: 2007-11-05)
		I had changed some money into the local currency, the Kip, which lately trades at about 10,000 to the dollar.
		On this day, one hundred US bought me just over a million kip, and so feeling like a bigshot with a wad of bills the size of a precious roll of toilet paper wrapped up in rubber bands we hit the town.
		This is really neat, and reminds me of my days in SE Asia and how the kids were always so ready to laugh and have fun, especially at the expense of a farang.
	www.elementarypenguin.com /?p=51 (560 words)

	Tavanh Travel Service
		The unit of Lao currency is kip, and bills are now issued in 500, 1000, 2000, 5000, 10000 and 20000.
		While credit cards and traveler's cheques are only accepted in major city and mostly in the upmarket restaurants, hotels and shops with a service charge of anywhere from 3.5-5%.
		Cash advance is also available at the banks on Mastercard, Visa card or American Express with a service charge of 3-5% depending on the transaction whether it is in kip or US dollar which apply differently.
	www.explorelao.com /currency_exchange.htm (130 words)

	Travel Channel :: Currency Converters
		This currency converter allows you to get up-to-date exchange rates around the world.
		Enter the amount of currency you wish to exchange, then use the pulldown menus to select the currencies you would like to compare.
		This cheat sheet allows you to create and print a handy currency guide to bring on your next trip.
	travel.discovery.com /tools/converters/converters.html (253 words)

	Laos : Planning a Trip : Money \| Frommers.com
		The kip (pronounced keep), the official Lao unit of currency, comes in denominations of 5, 10, 20, 100, 500, 1,000, 2,000, 5,000, and, only recently issued by the Lao government, 10,000 and 20,000 notes.
		The new notes are an improvement, but with the current exchange rate (10,000 kip to the dollar), that still means that the largest unit of currency is just $2.
		For smaller purchases, local transportation, and pocket money, you can exchange currency at Wattay International Airport, in hotels, in banks, and on the fl market, with the rate of exchange worst at hotels and best on the fl market (though the difference is only negligible).
	www.frommers.com /destinations/laos/2411020005.html (515 words)

	Lao PDR General Information (Site not responding. Last check: 2007-11-05)
		A number of foreign exchange bureaux licensed by the Bank of Lao PDR are open throughout Vientiane, in major towns and at border crossings.
		Although US dollars and Thai baht circulate in the market place, the use of foreign currency for domestic transactions in the Lao PDR is an offence under Decree #53 of September 1990 of the Council of Ministers.
		The central bank, Bank of Lao PDR, is responsible for: issuing currency; acting as the Government's banker and fiscal agent; acting as an agent for auctioning treasury bills; managing official international reserves; licensing and regulating financial institutions; exercising prudential supervision of the financial sector.
	www.laoembassy.com /news/online/laoinfo.htm (1895 words)

	Convert Bangladeshi Taka (BDT) and Lao Kips (LAK): Currency Exchange Rate Conversion Calculator
		Click on a currency to convert between that currency and all other currencies.
		Rate table - See a chart of currency rates between Bangladeshi Taka and Lao Kips.
		RSS Feed - The Lao Kips and Bangladeshi Taka exchange rate delivered to your personal home page.
	coinmill.com /BDT_LAK.html (389 words)

	[No title]
		The Lao currency, the kip, has plummeted to nearly 10,000 to the U.S. dollar from 7,900 in 2000, 4,250 in 1998 and 935 in 1996.
		As a result, the kip lost 70% of its value vis-à-vis the US dollar between July 1997 and June 1998.
		The currency collapsed, FDI fell, and inflation soared.
	www.pacom.mil /publications/apeu02/13Laos9.doc (2132 words)

	Banque Pour Le Commerce Exterieur Lao\|Service Fees
		Customers should confirm current fees and charges with your local branch of BCEL (during normal banking hours) prior to initiating a transaction or using a service.
		All fee can be paid in Kip or foreign currency.
		Any guidelines or notices previously issued that may be in conflict with this Notice are declared null and void.
	www.bcellaos.com /service_fee.php (520 words)

	Laos Economy 2001 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International ...
		Government mismanagement deepened the crisis, and from June 1997 to June 1999 the Lao kip lost 87% of its value.
		Laos' foreign exchange problems peaked in September 1999 when the kip fell from 3,500 kip to the dollar to 9,000 kip to the dollar in a matter of weeks.
		Now that the currency has stabilized, however, the government seems content to let the current situation persist, despite limited government revenue and foreign exchange reserves.
	workmall.com /wfb2001/laos/laos_economy.html (423 words)

	Exchange Rate Laos New Kip - US Dollar, USD to LAK
		This is the Laos New Kip Exchange Rate Calculator and is used to find currency exchange rates for any amount, not just the Laos New Kip.
		Every attempt has been made to provide you with accurate Laos New Kip exchange rates, however, you should verify the accuracy of this US Dollar exchange rate information if your want to be absolutely sure.
		Find out what large amounts of Laos New Kip currency converts to with our free Exchange Rate Currency Calculactor.
	www.iraqidinar.org /Exchange-Rate-LAK.htm (211 words)

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