Convert Brazilian Real to Laotian Kip
Please provide values below to convert Brazilian Real [BRL] to Laotian Kip [LAK], or Convert Laotian Kip to Brazilian Real.
How to Convert Brazilian Real to Laotian Kip
1 BRL = 0.000257380436015127 LAK
Example: convert 15 BRL to LAK:
15 BRL = 15 × 0.000257380436015127 LAK = 0.0038607065402269 LAK
Brazilian Real to Laotian Kip Conversion Table
| Brazilian Real | Laotian Kip |
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Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.
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.