Convert Laotian Kip to North Korean Won
Please provide values below to convert Laotian Kip [LAK] to North Korean Won [KPW], or Convert North Korean Won to Laotian Kip.
How to Convert Laotian Kip to North Korean Won
1 LAK = 24.032734 KPW
Example: convert 15 LAK to KPW:
15 LAK = 15 × 24.032734 KPW = 360.49101 KPW
Laotian Kip to North Korean Won Conversion Table
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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.
North Korean Won
The North Korean Won (KPW) is the official currency of North Korea, used for everyday transactions within the country.
History/Origin
The North Korean Won was first introduced in 1947, replacing the Korean won used during the Japanese occupation, and has undergone several redenominations and reforms since then.
Current Use
Today, the KPW is primarily used domestically in North Korea, with limited acceptance outside the country; it is subject to strict government control and currency regulations.