Convert Israeli New Sheqel to Laotian Kip
Please provide values below to convert Israeli New Sheqel [ILS] to Laotian Kip [LAK], or Convert Laotian Kip to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Laotian Kip
1 ILS = 0.000154650181151536 LAK
Example: convert 15 ILS to LAK:
15 ILS = 15 × 0.000154650181151536 LAK = 0.00231975271727303 LAK
Israeli New Sheqel to Laotian Kip Conversion Table
| Israeli New Sheqel | Laotian Kip |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.