It has been two months since Laos put its 100,000 kip banknote in circulation to commemorate the 450th ‘anniversary’ of the capital Vientiane. The bills feature a representation of the statue of King Setthathirath outside Pha That Luang. Setthathirath founded Vientiane as the capital in 1563.
I still haven’t encountered a single example of the 100,000 note in circulation. I suspect people are holding on to them as potential collectors’ items. They may be kept as amusing souvenirs by tourists, although 100K hardly compares with this bill:
There has been some speculation that larger denomination bills might have an inflationary effect, but with so little evidence of the 100K notes, they can’t be having much impact. Banks have been instructed not to issue them from ATMs.
Meanwhile the Bank of Laos website has been very difficult to access since the country’s bourse went live earlier this week. They’ve probably had more hits in three days than in the previous three months.