Convert British Pound Sterling to Laotian Kip
Please provide values below to convert British Pound Sterling [GBP] to Laotian Kip [LAK], or Convert Laotian Kip to British Pound Sterling.
How to Convert British Pound Sterling to Laotian Kip
1 GBP = 3.42218427767912e-05 LAK
Example: convert 15 GBP to LAK:
15 GBP = 15 × 3.42218427767912e-05 LAK = 0.000513327641651868 LAK
British Pound Sterling to Laotian Kip Conversion Table
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British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.