However, the 1997 Asian Financial Crisis, coupled with the Lao government's own mismanagement of the economy, resulted in spiraling inflation and a steep depreciation of the kip, which lost 87% of its value from June 1997 to June 1999.
然而，1997年的亞洲金融危機加上老撾政府本身的經濟管理不善，導致通貨膨脹上升，基普的貶值大幅下滑，從1997年6月至1999年6月，其價值下跌了87％。