Convert Laotian Kip to Guernsey Pound
Please provide values below to convert Laotian Kip [LAK] to Guernsey Pound [GGP], or Convert Guernsey Pound to Laotian Kip.
How to Convert Laotian Kip to Guernsey Pound
1 LAK = 29217.1560178306 GGP
Example: convert 15 LAK to GGP:
15 LAK = 15 × 29217.1560178306 GGP = 438257.340267459 GGP
Laotian Kip to Guernsey Pound 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.
Guernsey Pound
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown dependency, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1921, the Guernsey Pound has been used locally alongside the British Pound, with both currencies circulating freely and at equal value, reflecting Guernsey's status as a self-governing dependency.
Current Use
The GGP is used for everyday transactions within Guernsey and is accepted alongside the British Pound, with coins and banknotes issued specifically for Guernsey by the local authorities.