Convert Maldivian Rufiyaa to Laotian Kip
Please provide values below to convert Maldivian Rufiyaa [MVR] to Laotian Kip [LAK], or Convert Laotian Kip to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Laotian Kip
1 MVR = 0.000713757975083299 LAK
Example: convert 15 MVR to LAK:
15 MVR = 15 × 0.000713757975083299 LAK = 0.0107063696262495 LAK
Maldivian Rufiyaa to Laotian Kip Conversion Table
| Maldivian Rufiyaa | Laotian Kip |
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.