Laos 20 Kip 1979 Pick 29b UNC Banknote
The Laos 20 Kip 1979 Pick 29b is a historic banknote from the Lao People’s Democratic Republic, issued during a period of significant political and economic transformation.
Part of the country’s early post-revolutionary currency, this note provides collectors with an example of the monetary system established following the formation of the Lao People’s Democratic Republic in 1975.
Historical Background
Laos became independent from France in 1953. Following decades of political instability and conflict, the Lao People’s Democratic Republic was established in December 1975.
A new currency was introduced in 1979, replacing the previous Royal Lao Kip at a rate of 1 new Kip to 100 old Kip.
The 20 Kip denomination belongs to this new monetary system, making it representative of an important period in the country’s modern history.
Banknote Specifications
| Feature | Details |
|---|---|
| Country | Laos |
| Issuer | Bank of the Lao P.D.R. |
| Denomination | 20 Kip |
| Year | 1979 |
| Catalogue Number | Pick 29b |
| Currency | Lao Kip (LAK) |
| Condition | Uncirculated (UNC) |
| Material | Paper |
| Region | Southeast Asia |
Obverse
The front of the banknote reflects the artistic and cultural themes of the Lao People’s Democratic Republic’s early currency series.
Its design belongs to a generation of banknotes that emphasised national identity, economic development and the country’s transition to a new political system.
Reverse
The reverse continues the visual style of the 1979 series, illustrating the themes of national development associated with Laos during this period.
Together, the two sides make this denomination a representative example of late-1970s Southeast Asian banknote design.
The Lao Kip
The Kip is the national currency of Laos and is represented internationally by the currency code LAK.
Although the currency is theoretically divided into 100 Att, fractional denominations have become obsolete in everyday use.
The 1979 monetary reform introduced the Kip system that continues to underpin the country’s currency today.
Why Add This Banknote to Your Collection?
The Laos 20 Kip 1979 P29b UNC banknote is an interesting addition for collectors specialising in Asian currency, monetary reforms and twentieth-century banknotes.
Its appeal lies in its connection to Laos’s early post-1975 history, its original 1979 issue and its preservation in uncirculated condition.
