Lao Kip in Bulgarian Lev

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.

BGN Bulgarian Lev

Country of application:
Bulgaria

Coin denominations in circulation:
1 lion, 50, 20, 10, 5, 2 and 1 stotinka.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5 and 2 levs.

History reference:
Bulgarian Lev. The first coins and banknotes were issued at the end of the nineteenth century. In the everyday life of modern Bulgaria there are seven denominations of coins and six denominations of ...banknotes, sample of 1999. During the first seven or eight years of the existence of the lev, coins made of gold and silver were issued into circulation, and in 1928 the equality “1 lev \u003d 10.8695 mg of gold” was established. The 2nd World War made adjustments to the countrys economy. Occupied Bulgaria exchanged the national lev for the Reichsmark at a rate of 33.0:1. Liberated by the Soviet troops, Bulgaria changed its money again, but this time to the Soviet ruble (15:1). After the end of World War II, within two to three years, the exchange rate of the lev against the dollar rose to the level of 120.00-150.00 leva per dollar. The population did not have the opportunity to freely exchange money, even at such a rate.