Convert Laotian Kip to Iranian Rial
Please provide values below to convert Laotian Kip [LAK] to Iranian Rial [IRR], or Convert Iranian Rial to Laotian Kip.
How to Convert Laotian Kip to Iranian Rial
1 LAK = 0.509675804949741 IRR
Example: convert 15 LAK to IRR:
15 LAK = 15 × 0.509675804949741 IRR = 7.64513707424611 IRR
Laotian Kip to Iranian Rial 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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.