Convert Laotian Kip to Qatari Rial
Please provide values below to convert Laotian Kip [LAK] to Qatari Rial [QAR], or Convert Qatari Rial to Laotian Kip.
How to Convert Laotian Kip to Qatari Rial
1 LAK = 5942.1595054945 QAR
Example: convert 15 LAK to QAR:
15 LAK = 15 × 5942.1595054945 QAR = 89132.3925824176 QAR
Laotian Kip to Qatari Rial Conversion Table
| Laotian Kip | Qatari Rial |
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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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.