Convert Uruguayan Peso to Laotian Kip
Please provide values below to convert Uruguayan Peso [UYU] to Laotian Kip [LAK], or Convert Laotian Kip to Uruguayan Peso.
How to Convert Uruguayan Peso to Laotian Kip
1 UYU = 0.00186319486857661 LAK
Example: convert 15 UYU to LAK:
15 UYU = 15 × 0.00186319486857661 LAK = 0.0279479230286492 LAK
Uruguayan Peso to Laotian Kip Conversion Table
| Uruguayan Peso | Laotian Kip |
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Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.
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.