Convert Lebanese Pound to Laotian Kip
Please provide values below to convert Lebanese Pound [LBP] to Laotian Kip [LAK], or Convert Laotian Kip to Lebanese Pound.
How to Convert Lebanese Pound to Laotian Kip
1 LBP = 4.13787480211134 LAK
Example: convert 15 LBP to LAK:
15 LBP = 15 × 4.13787480211134 LAK = 62.0681220316701 LAK
Lebanese Pound to Laotian Kip Conversion Table
| Lebanese Pound | Laotian Kip |
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Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.
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.