Convert Brunei Dollar to Laotian Kip
Please provide values below to convert Brunei Dollar [BND] to Laotian Kip [LAK], or Convert Laotian Kip to Brunei Dollar.
How to Convert Brunei Dollar to Laotian Kip
1 BND = 5.9160051360689e-05 LAK
Example: convert 15 BND to LAK:
15 BND = 15 × 5.9160051360689e-05 LAK = 0.000887400770410336 LAK
Brunei Dollar to Laotian Kip Conversion Table
| Brunei Dollar | Laotian Kip |
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Brunei Dollar
The Brunei Dollar (BND) is the official currency of Brunei, used for all monetary transactions within the country.
History/Origin
Introduced in 1967, the Brunei Dollar replaced the Malayan dollar and has been pegged to the Singapore Dollar since 1967, maintaining a fixed exchange rate.
Current Use
The Brunei Dollar is widely used in Brunei for everyday transactions, banking, and trade, and is also accepted in some neighboring regions due to its peg to the Singapore Dollar.
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.