Convert Kenyan Shilling to Laotian Kip
Please provide values below to convert Kenyan Shilling [KES] to Laotian Kip [LAK], or Convert Laotian Kip to Kenyan Shilling.
How to Convert Kenyan Shilling to Laotian Kip
1 KES = 0.00597154974821702 LAK
Example: convert 15 KES to LAK:
15 KES = 15 × 0.00597154974821702 LAK = 0.0895732462232553 LAK
Kenyan Shilling to Laotian Kip Conversion Table
| Kenyan Shilling | Laotian Kip |
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Kenyan Shilling
The Kenyan Shilling (KES) is the official currency of Kenya, used as the country's legal tender for all transactions.
History/Origin
Introduced in 1966, replacing the East African shilling, the Kenyan Shilling has undergone various denominations and reforms to stabilize and modernize Kenya's currency system.
Current Use
The KES is widely used in Kenya for everyday transactions, banking, and trade, and is also accepted in some neighboring regions for cross-border commerce.
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.