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Losar is the Tibetan word for "new year". lo holds the semantic field "year, age"; sar holds the semantic field "new, fresh". Losar is the most important holiday in Tibet and Kingdom of Bhutan. Losar is celebrated for 15 days, with the main celebrations on the first three days. On the first day of Losar, a beverage called changkol is made from chhaang. The second day of Losar is known as King's Losar. Losar is traditionally preceded by the five day practice of Vajrakilaya. Because the Uyghurs adopted the Chinese calendar, and the Mongols and Tibetans adopted the Uyghur calendar, Losar occurs near or on the same day as the Chinese New Year and the Mongolian New Year, but the traditions of Losar are unique to Tibet, and predates both Indian and Chinese influences. Originally, ancient celebrations of Losar occurred solely on the winter solstice, and was only moved to coincide with the Chinese and Mongolian New Year by a leader of the Gelug school of Buddhism. Losar is also celebrated by Yolmo, Sherpa, Tamang, gurung, and Bhutia, although different regions in the country have their own respective new year. Losar is also celebrated by Tibetan Buddhists Worldwide. (via Freebase)