Convert Laotian Kip to Georgian Lari
Please provide values below to convert Laotian Kip [LAK] to Georgian Lari [GEL], or Convert Georgian Lari to Laotian Kip.
How to Convert Laotian Kip to Georgian Lari
1 LAK = 7983.1182549642 GEL
Example: convert 15 LAK to GEL:
15 LAK = 15 × 7983.1182549642 GEL = 119746.773824463 GEL
Laotian Kip to Georgian Lari Conversion Table
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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.
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.