What is the unit of currency in Laos?

The story behind the answer

The correct answer is Kip: Laos’s official currency is the Lao kip (ISO code LAK), introduced in 1955 to replace the French Indochinese piastre. None of the other options fit—Ruble is used in Russia, Dollar in many countries elsewhere, and “Konra” isn’t a recognized currency.

Context to remember: “Laos keeps the kip.” It’s the only country that uses a currency called “kip,” a word that relates to “ingot,” reflecting silver and metal trade history. Due to past inflation, kip banknotes come in high denominations and coins are rarely used. Neighbors use different units—Thailand has the baht, Vietnam the dong—so pairing “Laos → kip (LAK)” can help lock it in.