Convert Laotian Kip to Cambodian Riel
Please provide values below to convert Laotian Kip [LAK] to Cambodian Riel [KHR], or Convert Cambodian Riel to Laotian Kip.
How to Convert Laotian Kip to Cambodian Riel
1 LAK = 5.38711860745962 KHR
Example: convert 15 LAK to KHR:
15 LAK = 15 × 5.38711860745962 KHR = 80.8067791118943 KHR
Laotian Kip to Cambodian Riel Conversion Table
| Laotian Kip | Cambodian Riel |
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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.
Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia, used for everyday transactions and priced in the local economy.
History/Origin
The Riel was introduced in 1953, replacing the French Indochinese piastre, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Riel is primarily used domestically for most transactions, alongside the US dollar, which is also widely accepted in Cambodia.