Convert Romanian Leu to Laotian Kip
Please provide values below to convert Romanian Leu [RON] to Laotian Kip [LAK], or Convert Laotian Kip to Romanian Leu.
How to Convert Romanian Leu to Laotian Kip
1 RON = 0.000200356360250611 LAK
Example: convert 15 RON to LAK:
15 RON = 15 × 0.000200356360250611 LAK = 0.00300534540375917 LAK
Romanian Leu to Laotian Kip Conversion Table
| Romanian Leu | Laotian Kip |
|---|
Romanian Leu
The Romanian Leu (RON) is the official currency of Romania, used for all monetary transactions within the country.
History/Origin
The Leu was first introduced in 1867, replaced by the Romanian Leu in 1952 after a currency reform, and has undergone several redenominations, with the current form established in 2005 to stabilize the economy.
Current Use
The RON is actively used as Romania's primary currency for everyday transactions, banking, and international trade, with coins and banknotes issued by the National Bank of Romania.
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.