Convert Laotian Kip to Somali Shilling
Please provide values below to convert Laotian Kip [LAK] to Somali Shilling [SOS], or Convert Somali Shilling to Laotian Kip.
How to Convert Laotian Kip to Somali Shilling
1 LAK = 37.8508255290673 SOS
Example: convert 15 LAK to SOS:
15 LAK = 15 × 37.8508255290673 SOS = 567.762382936009 SOS
Laotian Kip to Somali Shilling Conversion Table
| Laotian Kip | Somali Shilling |
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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.
Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.