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Logo of Phnom Penh Post newspaper Phnom Penh Post - New Briefs: New Laotian Note

New Briefs: New Laotian Note

BANGKOK (AP) - The Central Bank of Laos has added a 1000-kip banknote to the nation's

currency, the Laotian state news agency said on May 4 Previously, the largest note

in circulation had a value of 500 kip.

The bank created the new 1,000 kip note-worth U.S.$1.39 at the official exchange

rate-to ease trade transactions "in face of the growing economic activities"

in Laos, the KPL news agency report monitored in Bangkok said.



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