Convert Czech Republic Koruna to Laotian Kip
Please provide values below to convert Czech Republic Koruna [CZK] to Laotian Kip [LAK], or Convert Laotian Kip to Czech Republic Koruna.
How to Convert Czech Republic Koruna to Laotian Kip
1 CZK = 0.000970759298546724 LAK
Example: convert 15 CZK to LAK:
15 CZK = 15 × 0.000970759298546724 LAK = 0.0145613894782009 LAK
Czech Republic Koruna to Laotian Kip Conversion Table
| Czech Republic Koruna | Laotian Kip |
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Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.
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.