Convert Ethiopian Birr to Laotian Kip
Please provide values below to convert Ethiopian Birr [ETB] to Laotian Kip [LAK], or Convert Laotian Kip to Ethiopian Birr.
How to Convert Ethiopian Birr to Laotian Kip
1 ETB = 0.00631718018895025 LAK
Example: convert 15 ETB to LAK:
15 ETB = 15 × 0.00631718018895025 LAK = 0.0947577028342538 LAK
Ethiopian Birr to Laotian Kip Conversion Table
| Ethiopian Birr | Laotian Kip |
|---|
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.
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.