Convert Laotian Kip to Armenian Dram
Please provide values below to convert Laotian Kip [LAK] to Armenian Dram [AMD], or Convert Armenian Dram to Laotian Kip.
How to Convert Laotian Kip to Armenian Dram
1 LAK = 56.3189471244854 AMD
Example: convert 15 LAK to AMD:
15 LAK = 15 × 56.3189471244854 AMD = 844.784206867281 AMD
Laotian Kip to Armenian Dram Conversion Table
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.