Convert Peruvian Nuevo Sol to Laotian Kip
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Laotian Kip [LAK], or Convert Laotian Kip to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Laotian Kip
1 PEN = 0.000164483990876777 LAK
Example: convert 15 PEN to LAK:
15 PEN = 15 × 0.000164483990876777 LAK = 0.00246725986315165 LAK
Peruvian Nuevo Sol to Laotian Kip Conversion Table
| Peruvian Nuevo Sol | Laotian Kip |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.