Convert Laotian Kip to Kazakhstani Tenge
Please provide values below to convert Laotian Kip [LAK] to Kazakhstani Tenge [KZT], or Convert Kazakhstani Tenge to Laotian Kip.
How to Convert Laotian Kip to Kazakhstani Tenge
1 LAK = 40.4509611036449 KZT
Example: convert 15 LAK to KZT:
15 LAK = 15 × 40.4509611036449 KZT = 606.764416554674 KZT
Laotian Kip to Kazakhstani Tenge 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.
Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.