Convert Salvadoran Colón to Laotian Kip
Please provide values below to convert Salvadoran Colón [SVC] to Laotian Kip [LAK], or Convert Laotian Kip to Salvadoran Colón.
How to Convert Salvadoran Colón to Laotian Kip
1 SVC = 0.000404048679790008 LAK
Example: convert 15 SVC to LAK:
15 SVC = 15 × 0.000404048679790008 LAK = 0.00606073019685013 LAK
Salvadoran Colón to Laotian Kip Conversion Table
| Salvadoran Colón | Laotian Kip |
|---|
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.
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.