Convert Bhutanese Ngultrum to Laotian Kip
Please provide values below to convert Bhutanese Ngultrum [BTN] to Laotian Kip [LAK], or Convert Laotian Kip to Bhutanese Ngultrum.
How to Convert Bhutanese Ngultrum to Laotian Kip
1 BTN = 0.00399378891584564 LAK
Example: convert 15 BTN to LAK:
15 BTN = 15 × 0.00399378891584564 LAK = 0.0599068337376846 LAK
Bhutanese Ngultrum to Laotian Kip Conversion Table
| Bhutanese Ngultrum | Laotian Kip |
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Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.
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.