Convert Jersey Pound to Laotian Kip
Please provide values below to convert Jersey Pound [JEP] to Laotian Kip [LAK], or Convert Laotian Kip to Jersey Pound.
How to Convert Jersey Pound to Laotian Kip
1 JEP = 3.42264661005924e-05 LAK
Example: convert 15 JEP to LAK:
15 JEP = 15 × 3.42264661005924e-05 LAK = 0.000513396991508887 LAK
Jersey Pound to Laotian Kip Conversion Table
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.