Convert Georgian Lari to Laotian Kip
Please provide values below to convert Georgian Lari [GEL] to Laotian Kip [LAK], or Convert Laotian Kip to Georgian Lari.
How to Convert Georgian Lari to Laotian Kip
1 GEL = 0.000125264335070843 LAK
Example: convert 15 GEL to LAK:
15 GEL = 15 × 0.000125264335070843 LAK = 0.00187896502606265 LAK
Georgian Lari to Laotian Kip Conversion Table
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.