Updated: Feb 12
This small Laotian banknote represents the 3rd denomination of the Lao PDR Kip (Series 1979). The PDR Kip was introduced on16 December 1979. As a replacement for the Pathet Lao “Liberation” Kip, which replaced the Royal Kip, in areas under Pathet Lao control (1976-1979). At a exchange rate of 20 “Liberation” Kip to 1 Royal Kip. While the “Liberation” Kip was replaced at a rate of 100:1.
Unlike the previous banknotes of Royal Kip, PDR Kip features only Lao script. As the Pathet Lao saw the French language as a symbol of colonialism. All banknotes of the Series 1979 were retired in 2003. As inflation had caused their value to become impractically low.
The observe features workers transporting logs, at a lumber mill. When the Pathet Lao overthrew the monarchy in 1975. A Soviet-style command economy was adopted, based on state enterprises and cooperatives. This was replaced in 1986, by the "New Economic Mechanism". Where state-owned business was gradually replaced private ownership.
As beforementioned all text is printed Lao script, although with standard numerals. The header reads "ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ", translated as the "Lao People's Democratic Republic". At the lower right is the note's serial number, it reads "DA 3619490".
To the left of the note's illustration is the National Emblem of the Lao People's Democratic Republic. This version of the National Emblem replaced the previous Kingdom of Laos Coat of Arms. It remained in use from 1975-1991, becoming revised after the Fall of the Soviet Union. An outline of a large light yellow flower, can be seen printed on the note's surface.
In regards to the observe frame, it resembles traditional stonework. A pair of decorative diamonds can be seen along the lower corners. They feature number "10"s, representing the note's 10 Kip value.
The reverse depicts a nurse treating a baby and group of doctors performing surgery. Despite efforts to improved education and train more healthcare workers, since 1975. Most treatment is limited in the Laotian capital, Vientiane. As the outlaying providences lack the infrastructure, needed to provide proper care. Thus doctors and nurses are often pooled in the most developed areas.
The reverse text is fairly simple, yet is surrounded by decorative embellishments. The header reads "ທະນາຄານແຫ່ງ", translated as the "Bank of Laos". There are number "10s" on the corners, representing the note's 10 Kip value. At the center-right is a floral guilloché pattern, it reads "Ten Kip" in Laotian.
The reverse border resembles traditional stone work, featuring floral patterns. Notably as the border is printed towards the note's center. It simplifies viewing the full surface watermark. Which features a repeating "Hammer and Sickle" pattern, when back lit.
Lao PDR Kip Gallery
(Gallery contains all banknotes of the 1979 Series)
The note's dimensions are 113 x 58 mm or 4.45 x 2.28 in, smaller than a US Dollar.
The preferable method to preserve this note are side-opening protective sleeves, cut to size.
The Lao PDR Kip ISO code was LAK, it uses ₭ and ₭N as it's symbols.
The Kip is subdivide into 100 Att, although inflation has made it's use virtually non-existent.
Similar to the Uzbek Som, the Kip retires and adds denominations based on inflation.
The lowest commonly accepted denomination is the 500 Kip banknote.
The US Dollar and Thai Baht are occasionally used in place of Lao Kip.