Convert Guernsey Pound to Laotian Kip
Please provide values below to convert Guernsey Pound [GGP] to Laotian Kip [LAK], or Convert Laotian Kip to Guernsey Pound.
How to Convert Guernsey Pound to Laotian Kip
1 GGP = 3.42264661005924e-05 LAK
Example: convert 15 GGP to LAK:
15 GGP = 15 × 3.42264661005924e-05 LAK = 0.000513396991508887 LAK
Guernsey Pound to Laotian Kip Conversion Table
| Guernsey Pound | Laotian Kip |
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Guernsey Pound
The Guernsey Pound (GGP) is the official currency of Guernsey, a British Crown dependency, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1921, the Guernsey Pound has been used locally alongside the British Pound, with both currencies circulating freely and at equal value, reflecting Guernsey's status as a self-governing dependency.
Current Use
The GGP is used for everyday transactions within Guernsey and is accepted alongside the British Pound, with coins and banknotes issued specifically for Guernsey by the local authorities.
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.