Convert Laotian Kip to Albanian Lek
Please provide values below to convert Laotian Kip [LAK] to Albanian Lek [ALL], or Convert Albanian Lek to Laotian Kip.
How to Convert Laotian Kip to Albanian Lek
1 LAK = 259.35755663021 ALL
Example: convert 15 LAK to ALL:
15 LAK = 15 × 259.35755663021 ALL = 3890.36334945315 ALL
Laotian Kip to Albanian Lek Conversion Table
| Laotian Kip | Albanian Lek |
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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.
Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.