Convert Japanese Yen to Laotian Kip
Please provide values below to convert Japanese Yen [JPY] to Laotian Kip [LAK], or Convert Laotian Kip to Japanese Yen.
How to Convert Japanese Yen to Laotian Kip
1 JPY = 0.00678848181724883 LAK
Example: convert 15 JPY to LAK:
15 JPY = 15 × 0.00678848181724883 LAK = 0.101827227258732 LAK
Japanese Yen to Laotian Kip Conversion Table
| Japanese Yen | Laotian Kip |
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Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, used as the country's primary medium of exchange.
History/Origin
Introduced in 1871 during the Meiji Restoration, the Yen replaced the previous complex monetary system and has undergone various reforms, including decimalization in 1954, to modernize Japan's currency system.
Current Use
The Yen is widely used in Japan for everyday transactions, banking, and international trade, and is one of the most traded currencies 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.