Convert Laotian Kip to Peruvian Nuevo Sol
Please provide values below to convert Laotian Kip [LAK] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Laotian Kip.
How to Convert Laotian Kip to Peruvian Nuevo Sol
1 LAK = 6079.61902352643 PEN
Example: convert 15 LAK to PEN:
15 LAK = 15 × 6079.61902352643 PEN = 91194.2853528965 PEN
Laotian Kip to Peruvian Nuevo Sol Conversion Table
| Laotian Kip | Peruvian Nuevo Sol |
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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.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.