Convert Lesotho Loti to Laotian Kip
Please provide values below to convert Lesotho Loti [LSL] to Laotian Kip [LAK], or Convert Laotian Kip to Lesotho Loti.
How to Convert Lesotho Loti to Laotian Kip
1 LSL = 0.000812165422192729 LAK
Example: convert 15 LSL to LAK:
15 LSL = 15 × 0.000812165422192729 LAK = 0.0121824813328909 LAK
Lesotho Loti to Laotian Kip Conversion Table
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Lesotho Loti
The Lesotho Loti (LSL) is the official currency of Lesotho, used for all monetary transactions within the country.
History/Origin
Introduced in 1980, the Loti replaced the South African Rand at par and has since been managed by the Central Bank of Lesotho, reflecting the country's monetary independence.
Current Use
The Loti is actively used in Lesotho for everyday transactions, banking, and trade, and is pegged at par to the South African Rand.
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.