Convert Iraqi Dinar to Laotian Kip
Please provide values below to convert Iraqi Dinar [IQD] to Laotian Kip [LAK], or Convert Laotian Kip to Iraqi Dinar.
How to Convert Iraqi Dinar to Laotian Kip
1 IQD = 0.060549480369381 LAK
Example: convert 15 IQD to LAK:
15 IQD = 15 × 0.060549480369381 LAK = 0.908242205540715 LAK
Iraqi Dinar to Laotian Kip Conversion Table
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Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.
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.