Convert Indonesian Rupiah to Laotian Kip
Please provide values below to convert Indonesian Rupiah [IDR] to Laotian Kip [LAK], or Convert Laotian Kip to Indonesian Rupiah.
How to Convert Indonesian Rupiah to Laotian Kip
1 IDR = 0.753044077298904 LAK
Example: convert 15 IDR to LAK:
15 IDR = 15 × 0.753044077298904 LAK = 11.2956611594836 LAK
Indonesian Rupiah to Laotian Kip Conversion Table
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Indonesian Rupiah
The Indonesian Rupiah (IDR) is the official currency of Indonesia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Rupiah was introduced in 1946 to replace the Dutch East Indies gulden. It has undergone various reforms and redenominations over the years, especially following Indonesia's independence and economic changes, to stabilize the economy and control inflation.
Current Use
Today, the Rupiah is widely used across Indonesia for all forms of financial transactions, including cash payments, banking, and digital transactions. It remains the official legal tender of Indonesia.
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.