Convert Guinean Franc to Laotian Kip
Please provide values below to convert Guinean Franc [GNF] to Laotian Kip [LAK], or Convert Laotian Kip to Guinean Franc.
How to Convert Guinean Franc to Laotian Kip
1 GNF = 0.402006058348029 LAK
Example: convert 15 GNF to LAK:
15 GNF = 15 × 0.402006058348029 LAK = 6.03009087522044 LAK
Guinean Franc to Laotian Kip Conversion Table
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Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.
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.