Convert Bolivian Boliviano to Laotian Kip
Please provide values below to convert Bolivian Boliviano [BOB] to Laotian Kip [LAK], or Convert Laotian Kip to Bolivian Boliviano.
How to Convert Bolivian Boliviano to Laotian Kip
1 BOB = 0.000319490167961008 LAK
Example: convert 15 BOB to LAK:
15 BOB = 15 × 0.000319490167961008 LAK = 0.00479235251941512 LAK
Bolivian Boliviano to Laotian Kip Conversion Table
| Bolivian Boliviano | Laotian Kip |
|---|
Bolivian Boliviano
The Bolivian Boliviano (BOB) is the official currency of Bolivia, used for all monetary transactions within the country.
History/Origin
Introduced in 1987 to replace the Bolivian peso, the Boliviano has undergone various redenominations and reforms to stabilize Bolivia's economy and control inflation.
Current Use
The Boliviano remains the primary currency in Bolivia, widely used in everyday transactions, banking, and commerce across the country.
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.