Turkish Lira in Lao Kip

TRY Turkish Lira

Country of application:
Turkey

Coin denominations in circulation:
1 lira, 50, 25, 10, 5, 2 and 1 kurush.

Denominations of banknotes in circulation:
200, 100, 50, 20, 10, 5 liras.

History reference:
The Turkish lira has been the national currency of Turkey since 1923 and replaced the Ottoman lira, which in turn has been in circulation since 1844. The history of Turkish money circulation dates ba...ck to the times of the Ottoman Empire, which lasted from 1299 until the end of the 19th century. Precious metals were widely used as money. Ancient coins were issued by sultans and bore their names, but not portraits - in accordance with Islamic tradition. In 1327, Akche ("whitish") was minted by Orkhan. This small silver coin was in circulation on the territory of the Ottoman Empire and its neighboring states in the 14th - 19th centuries. Starting from 1623 until 1930, a silver Turkish coin was also in circulation - a pair. Then it was used exclusively as a counting unit, 1/40 kurush. Kurush is a small Turkish coin used in the Ottoman Empire since 1688.

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.