Convert Barbadian Dollar to Laotian Kip
Please provide values below to convert Barbadian Dollar [BBD] to Laotian Kip [LAK], or Convert Laotian Kip to Barbadian Dollar.
How to Convert Barbadian Dollar to Laotian Kip
1 BBD = 9.24664760248344e-05 LAK
Example: convert 15 BBD to LAK:
15 BBD = 15 × 9.24664760248344e-05 LAK = 0.00138699714037252 LAK
Barbadian Dollar to Laotian Kip Conversion Table
| Barbadian Dollar | Laotian Kip |
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Barbadian Dollar
The Barbadian Dollar (BBD) is the official currency of Barbados, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, replacing the Barbadian Pound, the Barbadian Dollar was initially pegged to the British Pound and later to the US Dollar, maintaining stability through various monetary policies.
Current Use
The BBD is widely used in Barbados for everyday transactions, banking, and trade, and is pegged to the US Dollar at a fixed rate of 2 BBD to 1 USD.
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.