Convert Argentine Peso to Laotian Kip
Please provide values below to convert Argentine Peso [ARS] to Laotian Kip [LAK], or Convert Laotian Kip to Argentine Peso.
How to Convert Argentine Peso to Laotian Kip
1 ARS = 0.0585391389741823 LAK
Example: convert 15 ARS to LAK:
15 ARS = 15 × 0.0585391389741823 LAK = 0.878087084612734 LAK
Argentine Peso to Laotian Kip Conversion Table
| Argentine Peso | Laotian Kip |
|---|
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.
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.