Bank of the Lao PDR announced today that it is to begin issuing new versions of the LAK 50,000 and LAK 100,000 notes.
Bank of Lao PDR (BOL) officials said during a press release that the new edition of LAK 50,000 and LAK 100,000 notes will be put into circulation soon.
The notes will feature special luminescence points as an anti-counterfeiting measure that will assist in evaluating the authenticity of currency after circulation.
Like most previous editions of Lao banknotes, Laos’ former president Kaysone Phomvihane and the beloved national symbol, That Luang Stupa, will feature on the banknotes, alongside the figure value and the safety line.
The new versions of these banknotes are being issued to enhance the quality of banknotes for public usage, as approved by the government in 2020.
The previous editions of both LAK 50,000 and LAK 100,000 banknotes are also still valid for use in transactions, according to the Bank of the Lao PDR.
Since 2006, LAK 50,000 notes have been in circulation, while LAK 100,000 notes started circulating around since 2011.
BOL already released new LAK 10,000 and LAK 20,000 notes this year, with bank officials stating that the new notes were introduced to increase the quality and standard of Lao currency in comparison to banknotes issued by neighboring countries, as well as prevent counterfeiting.
Officials have said that the circulation of the new banknotes will not impact the stability of the national currency.