Convert Laotian Kip to Ethiopian Birr
Please provide values below to convert Laotian Kip [LAK] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Laotian Kip.
How to Convert Laotian Kip to Ethiopian Birr
1 LAK = 158.298476549578 ETB
Example: convert 15 LAK to ETB:
15 LAK = 15 × 158.298476549578 ETB = 2374.47714824367 ETB
Laotian Kip to Ethiopian Birr Conversion Table
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.