Convert Malagasy Ariary to Laotian Kip
Please provide values below to convert Malagasy Ariary [MGA] to Laotian Kip [LAK], or Convert Laotian Kip to Malagasy Ariary.
How to Convert Malagasy Ariary to Laotian Kip
1 MGA = 0.20473332561978 LAK
Example: convert 15 MGA to LAK:
15 MGA = 15 × 0.20473332561978 LAK = 3.0709998842967 LAK
Malagasy Ariary to Laotian Kip Conversion Table
| Malagasy Ariary | Laotian Kip |
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Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.
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.