Convert Laotian Kip to Saudi Riyal
Please provide values below to convert Laotian Kip [LAK] to Saudi Riyal [SAR], or Convert Saudi Riyal to Laotian Kip.
How to Convert Laotian Kip to Saudi Riyal
1 LAK = 5767.85616 SAR
Example: convert 15 LAK to SAR:
15 LAK = 15 × 5767.85616 SAR = 86517.8424 SAR
Laotian Kip to Saudi Riyal Conversion Table
| Laotian Kip | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.