Convert Laotian Kip to Salvadoran Colón
Please provide values below to convert Laotian Kip [LAK] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to Laotian Kip.
How to Convert Laotian Kip to Salvadoran Colón
1 LAK = 2474.94930689965 SVC
Example: convert 15 LAK to SVC:
15 LAK = 15 × 2474.94930689965 SVC = 37124.2396034948 SVC
Laotian Kip to Salvadoran Colón Conversion Table
| Laotian Kip | Salvadoran Colón |
|---|
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.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.