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The kip (; code: LAK; sign: ₭ or ₭N; ; officially: ເງີນກີບລາວ, lit. "currency Lao kip") is the currency of Laos since 1955. Historically, one kip was divided into 100 ''att'' () which are no longer in regular use. The term derives from ກີບ ''kì:p'', a Lao word meaning "ingot." History French Indochina The piastre was the currency of French Indochina between 1885 and 1952. Free Lao Kip (1946) In 1945–1946, the Free Lao government in Vientiane issued a series of paper money in denominations of 10, 20, and 50 att and 10 kip before the French authorities took control of the region. Royal Kip (1955) The kip was reintroduced in 1955, replacing the French Indochinese piastre at par. The kip (also called a ''piastre'' in French) was sub-divided into 100 att ( Lao: ອັດ) or '' cents'' (French: Centimes). It was pegged to the French franc at a rate of 10 francs per kip. On 10 October 1958, the kip's peg switched to the US dollar, and was offic ...
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Laos
Laos, officially the Lao People's Democratic Republic (LPDR), is the only landlocked country in Southeast Asia. It is bordered by Myanmar and China to the northwest, Vietnam to the east, Cambodia to the southeast, and Thailand to the west and southwest. The country has a population of approximately eight million. Its Capital city, capital and most populous city is Vientiane. The country is characterized by mountainous terrain, Buddhist temples, including the UNESCO's World Heritage Site of Luang Prabang, and French colonial architecture. The country traces its historic and cultural identity to Lan Xang, a kingdom which existed from the 13th to 18th centuries. Through its location, the kingdom was a hub for overland trade. In 1707, Lan Xang split into three kingdoms: Kingdom of Luang Phrabang, Luang Prabang, Kingdom of Vientiane, Vientiane, and Kingdom of Champasak, Champasak. In 1893, these kingdoms were unified under French protection as part of French Indochina. Laos was und ...
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1000 Laotian Kip In 2003 Obverse
1 (one, unit, unity) is a number, Numeral (linguistics), numeral, and glyph. It is the first and smallest Positive number, positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit (measurement), unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In Digital electronics, digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In math ...
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Pathet Lao
The Pathet Lao (), officially the Lao People's Liberation Army, was a communist political movement and political organization, organization in Laos, formed in the mid-20th century. The group ultimately gained control over the entire country of Laos in 1975, after the Laotian Civil War. The Pathet Lao were always closely associated and dependent on Vietnamese communists and North Vietnam since their foundation, with the group being established after advice from Hanoi to create a Laotian counterpart of the Viet Minh or Viet Cong. During the civil war, it was effectively organised, equipped and even led by the People's Army of Vietnam (PAVN). They fought against the anti-communist forces in the Vietnam War. Eventually, the term became the generic name for Laotian communists. Under orders from Mao Zedong, the People's Liberation Army provided 115,000 guns, 920,000 grenades and 170 million bullets, and trained more than 700 of its military officers. Organization The political move ...
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50 Laotian Att In 1980 Obverse
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. Humans, and many other animals, have 5 digits on their limbs. Mathematics 5 is a Fermat prime, a Mersenne prime exponent, as well as a Fibonacci number. 5 is the first congruent number, as well as the length of the hypotenuse of the smallest integer-sided right triangle, making part of the smallest Pythagorean triple ( 3, 4, 5). 5 is the first safe prime and the first good prime. 11 forms the first pair of sexy primes with 5. 5 is the second Fermat prime, of a total of five known Fermat primes. 5 is also the first of three known Wilson primes (5, 13, 563). Geometry A shape with five sides is called a pentagon. The pentagon is the first regular polygon that does not tile the plane with copies of itself. It is the largest face any of the five regular three-dimensional regular Platonic solid can have. A conic is d ...
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Aluminum
Aluminium (or aluminum in North American English) is a chemical element; it has chemical symbol, symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has a great affinity towards oxygen, passivation (chemistry), forming a protective layer of aluminium oxide, oxide on the surface when exposed to air. It visually resembles silver, both in its color and in its great ability to reflect light. It is soft, magnetism, nonmagnetic, and ductility, ductile. It has one stable isotope, 27Al, which is highly abundant, making aluminium the abundance of the chemical elements, 12th-most abundant element in the universe. The radioactive decay, radioactivity of aluminium-26, 26Al leads to it being used in radiometric dating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ ...
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Emblem Of Laos
The National Emblem of the Lao People's Democratic Republic shows the national shrine Pha That Luang. A dam is pictured, which is a symbol of power generation at the Reservoir (water), reservoir Nam Ngum Dam, Nam Ngum. An Asphalt concrete, asphalt street and a stylized watered field is pictured. In the lower part is a section of a gear wheel. The inscription on the left reads "Peace, Independence, Democracy" (Lao language, Lao script: ) and on the right, "Unity and Prosperity" (Lao script: ). History An example of Socialist-style emblems, socialist heraldry, the coat of arms was originally adopted in 1975. It was modified in August 1991 to deemphasize Communism Revolutions of 1989, as a reaction to the fall of the Soviet Union, at which time the red star and hammer and sickle were replaced with the national shrine at Pha That Luang. A description of the coat of arms is specified in the Laotian constitution: Gallery File:Royal Seal of the Kingdom of Laos.svg, File:Emblem o ...
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10 Laotian Att In 1980 Reverse
1 (one, unit, unity) is a number, Numeral (linguistics), numeral, and glyph. It is the first and smallest Positive number, positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit (measurement), unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In Digital electronics, digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In math ...
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10 Laotian Att In 1980 Obverse
1 (one, unit, unity) is a number, numeral, and glyph. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In mathematics The number 1 is the first natural number after 0. Each natural number, ...
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Chronic Inflation
Chronic inflation is an economic phenomenon occurring when a country experiences high inflation for a prolonged period (several years or decades) due to continual increases in the money supply among other things. In countries with chronic inflation, inflation expectations become 'built-in', and it becomes extremely difficult to reduce the inflation rate because the process of reducing inflation by, for example, slowing down the growth rate of the money supply, will often lead to high unemployment until inflationary expectations have adjusted to the new situation. Chronic inflation is distinct from hyperinflation. Occurrence Even more so than hyperinflation, chronic inflation is a 20th-century phenomenon, being first observed by Felipe Pazos in 1972. High inflation can only be sustained with unbacked paper currencies over long periods, and before World War II unbacked paper currencies were rare except in countries affected by war – which often produced extremely high inflat ...
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Dissolution Of The Soviet Union
The Soviet Union was formally dissolved as a sovereign state and subject of international law on 26 December 1991 by Declaration No. 142-N of the Soviet of the Republics of the Supreme Soviet of the Soviet Union. Declaration No. 142-Н of the Soviet of the Republics of the Supreme Soviet of the Soviet Union, formally establishing the dissolution of the Soviet Union as a state and subject of international law. It also brought an end to the Soviet Union's federal government and General Secretary (also President) Mikhail Gorbachev's effort to reform the Soviet political and economic system in an attempt to stop a period of political stalemate and economic backslide. The Soviet Union had experienced internal stagnation and ethnic separatism. Although highly centralized until its final years, the country was made up of 15 top-level republics that served as the homelands for different ethnicities. By late 1991, amid a catastrophic political crisis, with several republics al ...
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