Convert Laotian Kip to Kyrgystani Som
Please provide values below to convert Laotian Kip [LAK] to Kyrgystani Som [KGS], or Convert Kyrgystani Som to Laotian Kip.
How to Convert Laotian Kip to Kyrgystani Som
1 LAK = 247.768091072795 KGS
Example: convert 15 LAK to KGS:
15 LAK = 15 × 247.768091072795 KGS = 3716.52136609192 KGS
Laotian Kip to Kyrgystani Som 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.
Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.