Convert Jamaican Dollar to Laotian Kip
Please provide values below to convert Jamaican Dollar [JMD] to Laotian Kip [LAK], or Convert Laotian Kip to Jamaican Dollar.
How to Convert Jamaican Dollar to Laotian Kip
1 JMD = 0.00740090115793271 LAK
Example: convert 15 JMD to LAK:
15 JMD = 15 × 0.00740090115793271 LAK = 0.111013517368991 LAK
Jamaican Dollar to Laotian Kip Conversion Table
| Jamaican Dollar | Laotian Kip |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.