Convert Laotian Kip to Moldovan Leu
Please provide values below to convert Laotian Kip [LAK] to Moldovan Leu [MDL], or Convert Moldovan Leu to Laotian Kip.
How to Convert Laotian Kip to Moldovan Leu
1 LAK = 1276.18730861138 MDL
Example: convert 15 LAK to MDL:
15 LAK = 15 × 1276.18730861138 MDL = 19142.8096291707 MDL
Laotian Kip to Moldovan Leu 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.
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.