Lao Kip in Australian Dollar

LAK Lao Kip

Country of application:
Lao Peoples Democratic Republic

Coin denominations in circulation:
10, 20, 50 atam.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000 bales.

History reference:
The kip is the currency of Laos. Laos (officially the Lao Peoples Democratic Republic) is a socialist state in Southeast Asia, located inside the Indochina peninsula. It has common borders in the eas...t with Vietnam, in the south with Cambodia (Kampuchea), in the north with China and Myama (Burma), in the west with Thailand (Siam). The capital of the Lao Peoples Democratic Republic is the city of Vientiane, there are no other large cities in Laos. It is mainly used as a bargaining unit for the US dollar and Thai baht. Previously issued coins of 10, 20 and 50 atats do not participate in circulation due to their low cost.

AUD Australian Dollar

Country of application:
Australia, Kiribati, Cocos Islands, Nauru, Norfolk Island, Christmas Island, Heard and McDonald

Coin denominations in circulation:
2 and 1 dollar, 50, 20, 10 and 5 cents.

Denominations of banknotes in circulation:
100, 50, 20, 10 and 5 dollars.

History reference:
The Australian dollar is the currency in Australia, including its outer territories. : Christmas Island, Cocos (Keeling) Islands and Norfolk Island. It is officially used as the currency of three ind...ependent Pacific island nations: Kiribati, Nauru and Tuvalu. It is legal tender in Australia. Since 1988, a special plastic material has been used in the manufacture of Australian dollar banknotes. Australian dollar banknotes are printed at the state-owned factories of the Royal Australian Mint, located in Melbourne and Perth. Australian coins have a regular round shape. The exception is a coin of fifty cents, made in the form of a regular tetrahedron. On the obverse of the coins there is an image of the profile portrait of Queen Elizabeth II of Great Britain (as the official head of the Commonwealth of Australia), and on the reverse there are animals of Australia.