Convert Burundian Franc to Laotian Kip
Please provide values below to convert Burundian Franc [BIF] to Laotian Kip [LAK], or Convert Laotian Kip to Burundian Franc.
How to Convert Burundian Franc to Laotian Kip
1 BIF = 0.137266321842534 LAK
Example: convert 15 BIF to LAK:
15 BIF = 15 × 0.137266321842534 LAK = 2.058994827638 LAK
Burundian Franc to Laotian Kip Conversion Table
| Burundian Franc | Laotian Kip |
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Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.
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.