Convert Laotian Kip to São Tomé and Príncipe Dobra (pre-2018)
Please provide values below to convert Laotian Kip [LAK] to São Tomé and Príncipe Dobra (pre-2018) [STD], or Convert São Tomé and Príncipe Dobra (pre-2018) to Laotian Kip.
How to Convert Laotian Kip to São Tomé And Príncipe Dobra (Pre-2018)
1 LAK = 0.970723218052401 STD
Example: convert 15 LAK to STD:
15 LAK = 15 × 0.970723218052401 STD = 14.560848270786 STD
Laotian Kip to São Tomé And Príncipe Dobra (Pre-2018) Conversion Table
| Laotian Kip | São Tomé and Príncipe Dobra (pre-2018) |
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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.
São Tomé And Príncipe Dobra (Pre-2018)
The São Tomé and Príncipe Dobra (STD) was the official currency of São Tomé and Príncipe before 2018, used for everyday transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the Portuguese escudo after independence. It was subdivided into 100 cêntimos. The currency underwent various inflationary pressures and was replaced in 2018 by the new Dobra (STN) at a rate of 1 new Dobra = 1000 old Dobras.
Current Use
The STD is no longer in use since 2018; the country now uses the new São Tomé and Príncipe Dobra (STN). The old STD notes are considered obsolete and are primarily of historical interest.