Convert Djiboutian Franc to Laotian Kip
Please provide values below to convert Djiboutian Franc [DJF] to Laotian Kip [LAK], or Convert Laotian Kip to Djiboutian Franc.
How to Convert Djiboutian Franc to Laotian Kip
1 DJF = 0.0082166172928048 LAK
Example: convert 15 DJF to LAK:
15 DJF = 15 × 0.0082166172928048 LAK = 0.123249259392072 LAK
Djiboutian Franc to Laotian Kip Conversion Table
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Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.
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.