Convert Laotian Kip to Tanzanian Shilling
Please provide values below to convert Laotian Kip [LAK] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Laotian Kip.
How to Convert Laotian Kip to Tanzanian Shilling
1 LAK = 8.41573564701929 TZS
Example: convert 15 LAK to TZS:
15 LAK = 15 × 8.41573564701929 TZS = 126.236034705289 TZS
Laotian Kip to Tanzanian Shilling 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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.