Convert Dominican Peso to Laotian Kip
Please provide values below to convert Dominican Peso [DOP] to Laotian Kip [LAK], or Convert Laotian Kip to Dominican Peso.
How to Convert Dominican Peso to Laotian Kip
1 DOP = 0.00279022214728739 LAK
Example: convert 15 DOP to LAK:
15 DOP = 15 × 0.00279022214728739 LAK = 0.0418533322093109 LAK
Dominican Peso to Laotian Kip Conversion Table
| Dominican Peso | Laotian Kip |
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Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.
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.