Convert Laotian Kip to Angolan Kwanza
Please provide values below to convert Laotian Kip [LAK] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Laotian Kip.
How to Convert Laotian Kip to Angolan Kwanza
1 LAK = 23.5230624202148 AOA
Example: convert 15 LAK to AOA:
15 LAK = 15 × 23.5230624202148 AOA = 352.845936303222 AOA
Laotian Kip to Angolan Kwanza Conversion Table
| Laotian Kip | Angolan Kwanza |
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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.
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.