Convert Albanian Lek to Laotian Kip
Please provide values below to convert Albanian Lek [ALL] to Laotian Kip [LAK], or Convert Laotian Kip to Albanian Lek.
How to Convert Albanian Lek to Laotian Kip
1 ALL = 0.00385568098725495 LAK
Example: convert 15 ALL to LAK:
15 ALL = 15 × 0.00385568098725495 LAK = 0.0578352148088242 LAK
Albanian Lek to Laotian Kip Conversion Table
| Albanian Lek | Laotian Kip |
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Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.
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.