Convert Liberian Dollar to Laotian Kip
Please provide values below to convert Liberian Dollar [LRD] to Laotian Kip [LAK], or Convert Laotian Kip to Liberian Dollar.
How to Convert Liberian Dollar to Laotian Kip
1 LRD = 0.00926901524303385 LAK
Example: convert 15 LRD to LAK:
15 LRD = 15 × 0.00926901524303385 LAK = 0.139035228645508 LAK
Liberian Dollar to Laotian Kip Conversion Table
| Liberian Dollar | Laotian Kip |
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Liberian Dollar
The Liberian Dollar (LRD) is the official currency of Liberia, used for all monetary transactions within the country.
History/Origin
The Liberian Dollar was introduced in 1943, replacing the Liberian Pound, and has undergone various reforms to stabilize the economy and manage inflation.
Current Use
Today, the Liberian Dollar is widely used in Liberia for everyday transactions, with coins and banknotes issued by the Central Bank of Liberia.
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.