Convert Laotian Kip to Moroccan Dirham
Please provide values below to convert Laotian Kip [LAK] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Laotian Kip.
How to Convert Laotian Kip to Moroccan Dirham
1 LAK = 2401.05908995038 MAD
Example: convert 15 LAK to MAD:
15 LAK = 15 × 2401.05908995038 MAD = 36015.8863492557 MAD
Laotian Kip to Moroccan Dirham Conversion Table
| Laotian Kip | Moroccan Dirham |
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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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.