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LAK - Lao Kip currency
Laos
The Lao Kip (LAK) is the official currency of Laos and is issued by the Bank of the Lao P.D.R. It was introduced in 1952, replacing the French Indochinese piastre. The Kip is a non-convertible currency, meaning it cannot be freely exchanged outside of Laos. Laos relies heavily on agriculture, hydropower exports, and tourism, and the Kip has faced inflationary pressures in recent years. Due to its weak value against major global currencies, the Thai Baht and US Dollar are often used for transactions in Laos.
LAK - Lao Kip profile
Symbol ₭
ISO 4217 Code LAK
Central Bank Bank of the Lao P.D.R.
Nicknames -
Countries using this currency Laos
LAK - Lao Kip live currency rates
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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