Convert Moldovan Leu to Laotian Kip
Please provide values below to convert Moldovan Leu [MDL] to Laotian Kip [LAK], or Convert Laotian Kip to Moldovan Leu.
How to Convert Moldovan Leu to Laotian Kip
1 MDL = 0.000783584034453453 LAK
Example: convert 15 MDL to LAK:
15 MDL = 15 × 0.000783584034453453 LAK = 0.0117537605168018 LAK
Moldovan Leu to Laotian Kip Conversion Table
| Moldovan Leu | Laotian Kip |
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Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.
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.