Convert Laotian Kip to Malagasy Ariary
Please provide values below to convert Laotian Kip [LAK] to Malagasy Ariary [MGA], or Convert Malagasy Ariary to Laotian Kip.
How to Convert Laotian Kip to Malagasy Ariary
1 LAK = 4.88440265878916 MGA
Example: convert 15 LAK to MGA:
15 LAK = 15 × 4.88440265878916 MGA = 73.2660398818374 MGA
Laotian Kip to Malagasy Ariary Conversion Table
| Laotian Kip | Malagasy Ariary |
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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.
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.