Convert Laotian Kip to Manx pound
Please provide values below to convert Laotian Kip [LAK] to Manx pound [IMP], or Convert Manx pound to Laotian Kip.
How to Convert Laotian Kip to Manx Pound
1 LAK = 29217.1560178306 IMP
Example: convert 15 LAK to IMP:
15 LAK = 15 × 29217.1560178306 IMP = 438257.340267459 IMP
Laotian Kip to Manx Pound Conversion Table
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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.
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.