Convert Indian Rupee to Laotian Kip
Please provide values below to convert Indian Rupee [INR] to Laotian Kip [LAK], or Convert Laotian Kip to Indian Rupee.
How to Convert Indian Rupee to Laotian Kip
1 INR = 0.00399396460215009 LAK
Example: convert 15 INR to LAK:
15 INR = 15 × 0.00399396460215009 LAK = 0.0599094690322513 LAK
Indian Rupee to Laotian Kip Conversion Table
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Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.
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.