Convert Kuwaiti Dinar to Laotian Kip
Please provide values below to convert Kuwaiti Dinar [KWD] to Laotian Kip [LAK], or Convert Laotian Kip to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Laotian Kip
1 KWD = 1.41196308889922e-05 LAK
Example: convert 15 KWD to LAK:
15 KWD = 15 × 1.41196308889922e-05 LAK = 0.000211794463334883 LAK
Kuwaiti Dinar to Laotian Kip Conversion Table
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.