Convert Laotian Kip to Czech Republic Koruna
Please provide values below to convert Laotian Kip [LAK] to Czech Republic Koruna [CZK], or Convert Czech Republic Koruna to Laotian Kip.
How to Convert Laotian Kip to Czech Republic Koruna
1 LAK = 1030.12147449636 CZK
Example: convert 15 LAK to CZK:
15 LAK = 15 × 1030.12147449636 CZK = 15451.8221174453 CZK
Laotian Kip to Czech Republic Koruna Conversion Table
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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.
Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.