Convert Chinese Yuan to Laotian Kip
Please provide values below to convert Chinese Yuan [CNY] to Laotian Kip [LAK], or Convert Laotian Kip to Chinese Yuan.
How to Convert Chinese Yuan to Laotian Kip
1 CNY = 0.00033167262617728 LAK
Example: convert 15 CNY to LAK:
15 CNY = 15 × 0.00033167262617728 LAK = 0.0049750893926592 LAK
Chinese Yuan to Laotian Kip Conversion Table
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.