Lao Kip in Ghanaian Cedi

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.

GHS Ghanaian Cedi

Country of application:
Ghana

Coin denominations in circulation:
1, 5, 10, 20, 50 pesews, 1, 2 Gangetic cedis.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50, 100, 200 Ghanaian cedi.

History reference:
The Cedi is the currency of Ghana, introduced on July 19, 1965, issued by the Bank of Ghana. The name "cedi" comes from the Ashanti language and means "dear" in translation. In 1844 - 1913 Ghana, as ...well as a number of states on the coast of the Gulf of Guinea in West Africa, were a British colony, which was called the "Gold Coast". On the Gold Coast, the pound sterling was used as the currency. In 1913, a new currency, the West African pound, was introduced. In 1957, Ghana gained independence and in 1958 the government carried out a monetary reform, as a result of which the Ghana pound was put into circulation at a 1: 1 exchange rate with the West African pound.