Convert Laotian Kip to Costa Rican Colón
Please provide values below to convert Laotian Kip [LAK] to Costa Rican Colón [CRC], or Convert Costa Rican Colón to Laotian Kip.
How to Convert Laotian Kip to Costa Rican Colón
1 LAK = 42.8883657201777 CRC
Example: convert 15 LAK to CRC:
15 LAK = 15 × 42.8883657201777 CRC = 643.325485802665 CRC
Laotian Kip to Costa Rican Colón Conversion Table
| Laotian Kip | Costa Rican Colón |
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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.
Costa Rican Colón
The Costa Rican Colón (CRC) is the official currency of Costa Rica, used for everyday transactions within the country.
History/Origin
Introduced in 1896, the Colón replaced the Costa Rican peso and was named after Christopher Columbus (Cristóbal Colón). It has undergone various devaluations and redesigns over the years to stabilize the economy.
Current Use
The CRC remains the official currency of Costa Rica, widely used in all economic activities, with banknotes and coins circulating throughout the country. It is also used in currency conversions and financial transactions domestically.