Convert Laotian Kip to United Arab Emirates Dirham
Please provide values below to convert Laotian Kip [LAK] to United Arab Emirates Dirham [AED], or Convert United Arab Emirates Dirham to Laotian Kip.
How to Convert Laotian Kip to United Arab Emirates Dirham
1 LAK = 5889.574023145 AED
Example: convert 15 LAK to AED:
15 LAK = 15 × 5889.574023145 AED = 88343.610347175 AED
Laotian Kip to United Arab Emirates Dirham Conversion Table
| Laotian Kip | United Arab Emirates Dirham |
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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.
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.