Convert Cayman Islands Dollar to Laotian Kip
Please provide values below to convert Cayman Islands Dollar [KYD] to Laotian Kip [LAK], or Convert Laotian Kip to Cayman Islands Dollar.
How to Convert Cayman Islands Dollar to Laotian Kip
1 KYD = 3.85261572357473e-05 LAK
Example: convert 15 KYD to LAK:
15 KYD = 15 × 3.85261572357473e-05 LAK = 0.000577892358536209 LAK
Cayman Islands Dollar to Laotian Kip Conversion Table
| Cayman Islands Dollar | Laotian Kip |
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Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.
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.