Convert Macedonian Denar to Laotian Kip
Please provide values below to convert Macedonian Denar [MKD] to Laotian Kip [LAK], or Convert Laotian Kip to Macedonian Denar.
How to Convert Macedonian Denar to Laotian Kip
1 MKD = 0.0024432324493566 LAK
Example: convert 15 MKD to LAK:
15 MKD = 15 × 0.0024432324493566 LAK = 0.0366484867403489 LAK
Macedonian Denar to Laotian Kip Conversion Table
| Macedonian Denar | Laotian Kip |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.