Convert Laotian Kip to Lebanese Pound
Please provide values below to convert Laotian Kip [LAK] to Lebanese Pound [LBP], or Convert Lebanese Pound to Laotian Kip.
How to Convert Laotian Kip to Lebanese Pound
1 LAK = 0.241669950837989 LBP
Example: convert 15 LAK to LBP:
15 LAK = 15 × 0.241669950837989 LBP = 3.62504926256983 LBP
Laotian Kip to Lebanese Pound Conversion Table
| Laotian Kip | Lebanese Pound |
|---|
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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.