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500 Kip New coat of arms

Issuer Bank of the Lao PDR
Year 2015
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Reference(s) P#31
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Reverse description The reverse is dominated by a central intaglio vignette of a group of workers harvesting coffee beans on the Bolaven Plateau, with a female picker in the foreground and a line of basket-carrying workers receding into the background amid dense foliage. The denomination numeral 500 appears in large figures at both upper left and upper right, flanked by intricate guilloche medallions and floral ornamental cartouches at each corner. A title inscription in Lao script is set within a cartouche at the top centre, with the value in Lao script below the central vignette.
Reverse lettering ທະນາຄານ ແຫ່ງ ລັດ ຫ້າ ຮ້ອຍກີບ
(Translation: State Bank Five Hundred Kips)
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Comments

Pick 31 is a redesigned issue of the long-running 500 Kip denomination, distinguished from its predecessors by an updated coat of arms reflecting changes made to Laos's national symbols in the post-1991 constitutional revision period. The Bank of the Lao PDR has issued multiple 500 Kip variants across several decades, and the differences between them — particularly in the arms design — are subtle enough that misattribution in collections is common.

Watermark-only security at this denomination level reflects the note's modest purchasing power by 2015, when 500 Kip traded at roughly 1/8000th of a US dollar.

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