Convert Nigerian Naira to Laotian Kip
Please provide values below to convert Nigerian Naira [NGN] to Laotian Kip [LAK], or Convert Laotian Kip to Nigerian Naira.
How to Convert Nigerian Naira to Laotian Kip
1 NGN = 0.0707693515019972 LAK
Example: convert 15 NGN to LAK:
15 NGN = 15 × 0.0707693515019972 LAK = 1.06154027252996 LAK
Nigerian Naira to Laotian Kip Conversion Table
| Nigerian Naira | Laotian Kip |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.