Convert Russian Ruble to Laotian Kip
Please provide values below to convert Russian Ruble [RUB] to Laotian Kip [LAK], or Convert Laotian Kip to Russian Ruble.
How to Convert Russian Ruble to Laotian Kip
1 RUB = 0.00362516668584884 LAK
Example: convert 15 RUB to LAK:
15 RUB = 15 × 0.00362516668584884 LAK = 0.0543775002877326 LAK
Russian Ruble to Laotian Kip Conversion Table
| Russian Ruble | Laotian Kip |
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Russian Ruble
The Russian Ruble (RUB) is the official currency of Russia, used for everyday transactions and financial exchanges within the country.
History/Origin
The Ruble has been the currency of Russia for centuries, with origins dating back to the 13th century. It has undergone various reforms and redenominations, most notably after the Soviet Union's dissolution in 1991, establishing the modern RUB as the national currency.
Current Use
Today, the Russian Ruble is widely used throughout Russia for all forms of payment, including cash, electronic transfers, and banking transactions. It is also traded on international currency markets.
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.