Convert Tanzanian Shilling to Laotian Kip
Please provide values below to convert Tanzanian Shilling [TZS] to Laotian Kip [LAK], or Convert Laotian Kip to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Laotian Kip
1 TZS = 0.118825025160359 LAK
Example: convert 15 TZS to LAK:
15 TZS = 15 × 0.118825025160359 LAK = 1.78237537740539 LAK
Tanzanian Shilling to Laotian Kip Conversion Table
| Tanzanian Shilling | Laotian Kip |
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Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.
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.