Convert Kazakhstani Tenge to Laotian Kip
Please provide values below to convert Kazakhstani Tenge [KZT] to Laotian Kip [LAK], or Convert Laotian Kip to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Laotian Kip
1 KZT = 0.0247212914777912 LAK
Example: convert 15 KZT to LAK:
15 KZT = 15 × 0.0247212914777912 LAK = 0.370819372166868 LAK
Kazakhstani Tenge to Laotian Kip Conversion Table
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.