Convert Laotian Kip to Uzbekistan Som
Please provide values below to convert Laotian Kip [LAK] to Uzbekistan Som [UZS], or Convert Uzbekistan Som to Laotian Kip.
How to Convert Laotian Kip to Uzbekistan Som
1 LAK = 1.70223975558029 UZS
Example: convert 15 LAK to UZS:
15 LAK = 15 × 1.70223975558029 UZS = 25.5335963337044 UZS
Laotian Kip to Uzbekistan Som 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.
Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.