Convert Solomon Islands Dollar to Laotian Kip
Please provide values below to convert Solomon Islands Dollar [SBD] to Laotian Kip [LAK], or Convert Laotian Kip to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Laotian Kip
1 SBD = 0.000380984997841324 LAK
Example: convert 15 SBD to LAK:
15 SBD = 15 × 0.000380984997841324 LAK = 0.00571477496761986 LAK
Solomon Islands Dollar to Laotian Kip Conversion Table
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.