Convert Cape Verdean Escudo to Laotian Kip
Please provide values below to convert Cape Verdean Escudo [CVE] to Laotian Kip [LAK], or Convert Laotian Kip to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Laotian Kip
1 CVE = 0.00434535570433966 LAK
Example: convert 15 CVE to LAK:
15 CVE = 15 × 0.00434535570433966 LAK = 0.065180335565095 LAK
Cape Verdean Escudo to Laotian Kip Conversion Table
| Cape Verdean Escudo | Laotian Kip |
|---|
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.
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.