Convert Mozambican Metical to Laotian Kip
Please provide values below to convert Mozambican Metical [MZN] to Laotian Kip [LAK], or Convert Laotian Kip to Mozambican Metical.
How to Convert Mozambican Metical to Laotian Kip
1 MZN = 0.00294146493879741 LAK
Example: convert 15 MZN to LAK:
15 MZN = 15 × 0.00294146493879741 LAK = 0.0441219740819612 LAK
Mozambican Metical to Laotian Kip Conversion Table
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Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
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.