🇱🇦 Lao Kip (LAK) TradingHours.com

The Lao Kip is the primary currency of Laos. This currency is used by an estimated 7,275,556 people. Based on our estimate, Lao Kip is the #86 most popular currency is the world.

The currency code for the Lao Kip is "LAK". The ISO 4217 number for this currency is 418. The currency symbol for the Kip is "₭".

Lao Kip conversion rates, useful facts, and holiday schedule can be found below.

LAK Currency Demographics

The primary country using the Lao Kip is Laos.

There are approximately 7,275,556 people around the world who use the Lao Kip. The Lao Kip is the #86 most used widely currency is the world.

7,275,556 user population
Ranked #86 in the world

LAK Exchange Rates

1 Lao Kip equals:

Australian Dollar

$0.00014

Inverse: ₭7,031.89
Euro

€0.000089

Inverse: ₭11,238.90
British Pound

£0.000076

Inverse: ₭13,126.67
Indian Rupee

₹0.0078

Inverse: ₭128.28
Japanese Yen

¥0.012

Inverse: ₭86.36
US Dollar

$0.00010

Inverse: ₭9,547.71

† Rates last updated at 3 hours from now

‡ Rates are the interbank rate and are only available on large transactions

LAK Currency Facts

LAK Details

ISO 4217 CodeLAK
ISO 4217 Number418
Unit NameKip
Symbol
Currency NicknamesN.a.

LAK Denominations

Minor Unit NameN.a.
Minor Unit Symbol N.a.
Minor Units2
Frequently Used banknotes₭500, ₭1000, ₭2000, ₭5000, ₭10000, ₭20000, ₭50000, ₭100000
Rarely Used Banknotes₭1, ₭5, ₭10, ₭20, ₭50, ₭100
Frequently Used CoinsN.a.
Rarely Used Coins1950-10-20 00:00:00

LAK Issuance

Central BankBank of Lao P.D.R.
Central Bank Websitehttp://www.bol.gov.la

World Bank Statistics

Estimated User Population7,275,556 people
Population Rank#86
LAK Inflation Rate5.13%
Inflation Rank#25

† Population and Inflation rate as based on data from the World Bank.

‡ Corrections or suggestions? Please contact us.

LAK Currency History

The Lao Kip was created in January 1980. The table below shows the history of currencies that ultimately became the Lao Kip.

Currency Active Replaced By
Lao kip (LAJ) January 1965 to December 1979 LAK