Convert Bermudan Dollar to Laotian Kip
Please provide values below to convert Bermudan Dollar [BMD] to Laotian Kip [LAK], or Convert Laotian Kip to Bermudan Dollar.
How to Convert Bermudan Dollar to Laotian Kip
1 BMD = 4.62332380124172e-05 LAK
Example: convert 15 BMD to LAK:
15 BMD = 15 × 4.62332380124172e-05 LAK = 0.000693498570186258 LAK
Bermudan Dollar to Laotian Kip Conversion Table
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Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
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.