Convert Qatari Rial to Laotian Kip
Please provide values below to convert Qatari Rial [QAR] to Laotian Kip [LAK], or Convert Laotian Kip to Qatari Rial.
How to Convert Qatari Rial to Laotian Kip
1 QAR = 0.000168288986365199 LAK
Example: convert 15 QAR to LAK:
15 QAR = 15 × 0.000168288986365199 LAK = 0.00252433479547798 LAK
Qatari Rial to Laotian Kip Conversion Table
| Qatari Rial | Laotian Kip |
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Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.