Convert Moroccan Dirham to Laotian Kip
Please provide values below to convert Moroccan Dirham [MAD] to Laotian Kip [LAK], or Convert Laotian Kip to Moroccan Dirham.
How to Convert Moroccan Dirham to Laotian Kip
1 MAD = 0.000416482877987258 LAK
Example: convert 15 MAD to LAK:
15 MAD = 15 × 0.000416482877987258 LAK = 0.00624724316980887 LAK
Moroccan Dirham to Laotian Kip Conversion Table
| Moroccan Dirham | Laotian Kip |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.