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Wednesday, May 31, 2023

Laos and its Att Coins


Hello and welcome to my video blog Laos and its Att Coins 

Laos, a landlocked nation in Southeast Asia, captivates with its mystical allure. The Mekong River winds through its rugged terrain, revealing breathtaking landscapes and a vibrant cultural heritage. Vientiane, the capital, blends old-world charm and modernity, while Luang Prabang enchants with ornate monasteries and cascading waterfalls. 
The Plain of Jars and Bolaven Plateau showcase ancient mysteries and lush beauty. Adventure seekers can kayak on the Nam Ou and Nam Song rivers, while the remote north beckons with misty mountains and hill tribe villages. Above all, the warmth and hospitality of the Laotian people make this land a cherished treasure, where time slows and magic unfolds.
Laos, initially introduced the currency known as the Piastre in 1952. However, in 1979, the country underwent a significant change in its currency system and introduced the Lao PDR Kip, which remains in use to this day.

The decision to transition to the Lao PDR Kip was primarily driven by political and economic factors. At that time, Laos was undergoing a period of political transformation, with the establishment of the Lao People's Democratic Republic (PDR). As part of the country's economic reforms, it was deemed necessary to have a new currency that reflected the nation's sovereignty and independence.

The Lao PDR Kip is the official currency of Laos and is symbolized by the currency code "LAK." It is subdivided into smaller units, with 100 att (cents) making up one Kip. The banknotes and coins of the Lao PDR Kip feature national symbols, cultural icons, and notable figures from Laos' history.

Since its introduction, the Lao PDR Kip has played a crucial role in the country's economy, facilitating domestic and international transactions. While the Kip has undergone fluctuations in its exchange rate over the years, it remains the legal tender and the widely accepted currency within Laos.
Laos 10 Att, 1980. Aluminium • 1.2-gram   21 mm diameter available at rupees 50
Laos 20 Att, 1980. Aluminium • 1.5 gram  23 mm diameter available at rupees 60
Laos 20 Att, 1980. Aluminium • 2.5 gram  26 mm diameter available at rupees 70

That's all for today's video blog. I hope you learned something new and interesting about Laos and its coins. Thank you for watching and please comment, like, share, and subscribe to my channel. See you next time!

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