Convert Laotian Kip to Brunei Dollar
Please provide values below to convert Laotian Kip [LAK] to Brunei Dollar [BND], or Convert Brunei Dollar to Laotian Kip.
How to Convert Laotian Kip to Brunei Dollar
1 LAK = 16903.298374492 BND
Example: convert 15 LAK to BND:
15 LAK = 15 × 16903.298374492 BND = 253549.47561738 BND
Laotian Kip to Brunei Dollar Conversion Table
| Laotian Kip | Brunei Dollar |
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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.
Brunei Dollar
The Brunei Dollar (BND) is the official currency of Brunei, used for all monetary transactions within the country.
History/Origin
Introduced in 1967, the Brunei Dollar replaced the Malayan dollar and has been pegged to the Singapore Dollar since 1967, maintaining a fixed exchange rate.
Current Use
The Brunei Dollar is widely used in Brunei for everyday transactions, banking, and trade, and is also accepted in some neighboring regions due to its peg to the Singapore Dollar.