Convert United Arab Emirates Dirham to Laotian Kip
Please provide values below to convert United Arab Emirates Dirham [AED] to Laotian Kip [LAK], or Convert Laotian Kip to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Laotian Kip
1 AED = 0.000169791566600602 LAK
Example: convert 15 AED to LAK:
15 AED = 15 × 0.000169791566600602 LAK = 0.00254687349900903 LAK
United Arab Emirates Dirham to Laotian Kip Conversion Table
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
Laotian Kip
The Laotian Kip (LAK) is the official currency of Laos, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Laotian Kip was introduced in 1952, replacing the French Indochinese piastre, and has undergone various redenominations and reforms to stabilize the economy and control inflation.
Current Use
Today, the Kip remains the primary currency in Laos, used in all financial transactions, with coins and banknotes issued by the Bank of the Lao P.D.R. and widely accepted throughout the country.