Convert Omani Rial to Laotian Kip
Please provide values below to convert Omani Rial [OMR] to Laotian Kip [LAK], or Convert Laotian Kip to Omani Rial.
How to Convert Omani Rial to Laotian Kip
1 OMR = 1.77766800157744e-05 LAK
Example: convert 15 OMR to LAK:
15 OMR = 15 × 1.77766800157744e-05 LAK = 0.000266650200236616 LAK
Omani Rial to Laotian Kip Conversion Table
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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.