Lao Kip in Uzbekistani Som

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.

UZS Uzbekistani Som

Country of application:
Uzbekistan

Coin denominations in circulation:
10, 5 and 1 sum.

Denominations of banknotes in circulation:
50,000, 10,000, 5,000, 1,000, 500, 200, 100, 50, 25, 10, 5, 3 and 1 sum.

History reference:
Sum is the national currency of Uzbekistan. It was originally introduced on November 15, 1993 in the form of sum-coupons, a currency parallel to the Soviet ruble to protect the countrys economy from ...excess ruble supply. Since July 1, 1994 - as the only legal tender in Uzbekistan. After the denomination of the Belarusian ruble in 2016, the sum became the cheapest currency among the countries of the former USSR. Since November 15, 1993, in the Republic of Uzbekistan, in order to protect the domestic market from excess ruble supply, additional temporary banknotes "sums" or sum-coupons were introduced in a ratio of 1: 1 to the Soviet ruble. On July 1, 1994, by the Decree of the President of Uzbekistan, a constant currency is put into circulation - the Uzbek Soum at the rate of 1 sum = 1000 sum-coupons. On July 1, 2013, the Central Bank of the Republic of Uzbekistan issued a new banknote with a face value of 5,000 soums. Currently, all banknotes and coins are in circulation, but banknotes up to ten and coins up to twenty-five soums are not used.