Convert Costa Rican Colón to Laotian Kip
Please provide values below to convert Costa Rican Colón [CRC] to Laotian Kip [LAK], or Convert Laotian Kip to Costa Rican Colón.
How to Convert Costa Rican Colón to Laotian Kip
1 CRC = 0.0233163465944222 LAK
Example: convert 15 CRC to LAK:
15 CRC = 15 × 0.0233163465944222 LAK = 0.349745198916334 LAK
Costa Rican Colón to Laotian Kip Conversion Table
| Costa Rican Colón | Laotian Kip |
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Costa Rican Colón
The Costa Rican Colón (CRC) is the official currency of Costa Rica, used for everyday transactions within the country.
History/Origin
Introduced in 1896, the Colón replaced the Costa Rican peso and was named after Christopher Columbus (Cristóbal Colón). It has undergone various devaluations and redesigns over the years to stabilize the economy.
Current Use
The CRC remains the official currency of Costa Rica, widely used in all economic activities, with banknotes and coins circulating throughout the country. It is also used in currency conversions and financial transactions domestically.
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.