Convert Namibian Dollar to Laotian Kip
Please provide values below to convert Namibian Dollar [NAD] to Laotian Kip [LAK], or Convert Laotian Kip to Namibian Dollar.
How to Convert Namibian Dollar to Laotian Kip
1 NAD = 0.000812165422192729 LAK
Example: convert 15 NAD to LAK:
15 NAD = 15 × 0.000812165422192729 LAK = 0.0121824813328909 LAK
Namibian Dollar to Laotian Kip Conversion Table
| Namibian Dollar | Laotian Kip |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.