Convert Laotian Kip to Turkish Lira
Please provide values below to convert Laotian Kip [LAK] to Turkish Lira [TRY], or Convert Turkish Lira to Laotian Kip.
How to Convert Laotian Kip to Turkish Lira
1 LAK = 534.843872633263 TRY
Example: convert 15 LAK to TRY:
15 LAK = 15 × 534.843872633263 TRY = 8022.65808949894 TRY
Laotian Kip to Turkish Lira Conversion Table
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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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.