Convert Laotian Kip to Guinean Franc
Please provide values below to convert Laotian Kip [LAK] to Guinean Franc [GNF], or Convert Guinean Franc to Laotian Kip.
How to Convert Laotian Kip to Guinean Franc
1 LAK = 2.48752470077023 GNF
Example: convert 15 LAK to GNF:
15 LAK = 15 × 2.48752470077023 GNF = 37.3128705115534 GNF
Laotian Kip to Guinean Franc Conversion Table
| Laotian Kip | Guinean Franc |
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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.
Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.