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Lao Kip (LAK) TradingHours.com

The Lao Kip is the primary currency of Laos. This currency is used by an estimated 7,061,507 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 7,061,507 people around the world who use the Lao Kip. The Lao Kip is the #86 most used widely currency is the world.

7,061,507 user population
Ranked #86 in the world

LAK Exchange Rates

1 Lao Kip equals:

Australian Dollar

$0.00016

Inverse: ₭6,070.096
Euro

€0.00010

Inverse: ₭9,809.11
British Pound

£0.000086

Inverse: ₭11,655.18
Indian Rupee

₹0.0080

Inverse: ₭124.41
Japanese Yen

¥0.012

Inverse: ₭81.69
US Dollar

$0.00011

Inverse: ₭8,870.00066

† Rates last updated at 41 minutes ago

‡ 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 Coins10, 20, 50

LAK Issuance

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

World Bank Statistics

Estimated User Population7,061,507 people
Population Rank#86
LAK Inflation Rate2.040%
Inflation Rank#77

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

‡ Corrections or suggestions? Please contact us.

2019 LAK Currency Holidays

Based on holidays observed by the Bank of Lao P.D.R.. On these dates banks and payment systems may be closed. Settlement in Lao Kip may also be closed on these dates.

HolidayDateStatus
New Year's Day January 1, 2019 Closed
International Women's Day March 8, 2019 Closed
Boun Pimai April 15, 2019 Closed
Boun Pimai April 16, 2019 Closed
Boun Pimai April 17, 2019 Closed
Labour Day May 1, 2019 Closed
Lao Women's Union Establishment Day July 22, 2019 Closed
Bank Anniversary October 7, 2019 Closed
Independence Day December 2, 2019 Closed

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

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