Convert Icelandic Króna to Laotian Kip
Please provide values below to convert Icelandic Króna [ISK] to Laotian Kip [LAK], or Convert Laotian Kip to Icelandic Króna.
How to Convert Icelandic Króna to Laotian Kip
1 ISK = 0.00562711674834832 LAK
Example: convert 15 ISK to LAK:
15 ISK = 15 × 0.00562711674834832 LAK = 0.0844067512252247 LAK
Icelandic Króna to Laotian Kip Conversion Table
| Icelandic Króna | Laotian Kip |
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Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.
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.