Lao Kip in Thailand Baht

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.

THB Thailand Baht

Country of application:
Thailand

Coin denominations in circulation:
1, 2, 5, 10 Thai Baht.

Denominations of banknotes in circulation:
10, 20, 50, 100, 200, 500, 1000 Thai Baht.

History reference:
The Thai baht has been the national currency of Thailand since 1928, when it replaced the Siamese tikal (Siam is the old name for Thailand). For the first time the name "bat" is found in texts dating... back to the 14th century. Numismatists interested in the history of Thai money are convinced that the baht existed in the Middle Ages, but there is no documentary evidence for this fact. The first paper banknotes were officially printed in 1892 - their issue was initiated by the Ministry of Finance of Siam. The circulation included denominations of 1, 5, 10, 40, 80, 100, 400 and 800 baht - this is how the banknotes were called in everyday life. Those rare samples that have survived to this day and have been studied by scientists give an idea of \u200b\u200bmoney. They depicted a portrait of a king, a lion and a Bengal tiger.