Convert Laotian Kip to Malawian Kwacha
Please provide values below to convert Laotian Kip [LAK] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to Laotian Kip.
How to Convert Laotian Kip to Malawian Kwacha
1 LAK = 12.4058037896632 MWK
Example: convert 15 LAK to MWK:
15 LAK = 15 × 12.4058037896632 MWK = 186.087056844948 MWK
Laotian Kip to Malawian Kwacha 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.
Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.