Convert Papua New Guinean Kina to Laotian Kip
Please provide values below to convert Papua New Guinean Kina [PGK] to Laotian Kip [LAK], or Convert Laotian Kip to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Laotian Kip
1 PGK = 0.000194151859709345 LAK
Example: convert 15 PGK to LAK:
15 PGK = 15 × 0.000194151859709345 LAK = 0.00291227789564017 LAK
Papua New Guinean Kina to Laotian Kip Conversion Table
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Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.
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.