Convert Saudi Riyal to Laotian Kip
Please provide values below to convert Saudi Riyal [SAR] to Laotian Kip [LAK], or Convert Laotian Kip to Saudi Riyal.
How to Convert Saudi Riyal to Laotian Kip
1 SAR = 0.000173374642546564 LAK
Example: convert 15 SAR to LAK:
15 SAR = 15 × 0.000173374642546564 LAK = 0.00260061963819847 LAK
Saudi Riyal to Laotian Kip Conversion Table
| Saudi Riyal | Laotian Kip |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.