Convert Angolan Kwanza to Laotian Kip
Please provide values below to convert Angolan Kwanza [AOA] to Laotian Kip [LAK], or Convert Laotian Kip to Angolan Kwanza.
How to Convert Angolan Kwanza to Laotian Kip
1 AOA = 0.0425114715990652 LAK
Example: convert 15 AOA to LAK:
15 AOA = 15 × 0.0425114715990652 LAK = 0.637672073985978 LAK
Angolan Kwanza to Laotian Kip Conversion Table
| Angolan Kwanza | Laotian Kip |
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.