Convert Laotian Kip to Dominican Peso
Please provide values below to convert Laotian Kip [LAK] to Dominican Peso [DOP], or Convert Dominican Peso to Laotian Kip.
How to Convert Laotian Kip to Dominican Peso
1 LAK = 358.394402743948 DOP
Example: convert 15 LAK to DOP:
15 LAK = 15 × 358.394402743948 DOP = 5375.91604115922 DOP
Laotian Kip to Dominican Peso 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.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.