Quiz Champion

What is the unit of currency in Laos?

  • Ruble
  • Kip
  • Konra
  • Dollar
Explanation

The unit of currency in Laos is the Kip. The Kip is named after the word for "currency" in the Lao language. It is subdivided into smaller units called Att, but these subdivisions are rarely used. The Kip has been the official currency of Laos since 1952, when it replaced the French Indochinese Piastre. The use of the Kip helps to maintain a sense of national identity and sovereignty, as well as facilitating economic transactions within the country.