Convert Eritrean Nakfa to Laotian Kip
Please provide values below to convert Eritrean Nakfa [ERN] to Laotian Kip [LAK], or Convert Laotian Kip to Eritrean Nakfa.
How to Convert Eritrean Nakfa to Laotian Kip
1 ERN = 0.000693498570186258 LAK
Example: convert 15 ERN to LAK:
15 ERN = 15 × 0.000693498570186258 LAK = 0.0104024785527939 LAK
Eritrean Nakfa to Laotian Kip Conversion Table
| Eritrean Nakfa | Laotian Kip |
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Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.
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.