Convert Somali Shilling to Laotian Kip
Please provide values below to convert Somali Shilling [SOS] to Laotian Kip [LAK], or Convert Laotian Kip to Somali Shilling.
How to Convert Somali Shilling to Laotian Kip
1 SOS = 0.0264195030365205 LAK
Example: convert 15 SOS to LAK:
15 SOS = 15 × 0.0264195030365205 LAK = 0.396292545547807 LAK
Somali Shilling to Laotian Kip Conversion Table
| Somali Shilling | Laotian Kip |
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Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.
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.