Convert Rwandan Franc to Laotian Kip
Please provide values below to convert Rwandan Franc [RWF] to Laotian Kip [LAK], or Convert Laotian Kip to Rwandan Franc.
How to Convert Rwandan Franc to Laotian Kip
1 RWF = 0.0669166849218607 LAK
Example: convert 15 RWF to LAK:
15 RWF = 15 × 0.0669166849218607 LAK = 1.00375027382791 LAK
Rwandan Franc to Laotian Kip Conversion Table
| Rwandan Franc | Laotian Kip |
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Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.
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.