Convert Kyrgystani Som to Laotian Kip
Please provide values below to convert Kyrgystani Som [KGS] to Laotian Kip [LAK], or Convert Laotian Kip to Kyrgystani Som.
How to Convert Kyrgystani Som to Laotian Kip
1 KGS = 0.00403603222541759 LAK
Example: convert 15 KGS to LAK:
15 KGS = 15 × 0.00403603222541759 LAK = 0.0605404833812638 LAK
Kyrgystani Som to Laotian Kip Conversion Table
| Kyrgystani Som | Laotian Kip |
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Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.
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.