Convert Bulgarian Lev to Laotian Kip
Please provide values below to convert Bulgarian Lev [BGN] to Laotian Kip [LAK], or Convert Laotian Kip to Bulgarian Lev.
How to Convert Bulgarian Lev to Laotian Kip
1 BGN = 7.70985477095069e-05 LAK
Example: convert 15 BGN to LAK:
15 BGN = 15 × 7.70985477095069e-05 LAK = 0.0011564782156426 LAK
Bulgarian Lev to Laotian Kip Conversion Table
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
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.