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 worldLAK Exchange Rates
1 Lao Kip equals:
† Rates last updated at 4 minutes ago
‡ Rates are the interbank rate and are only available on large transactions
LAK Currency Facts
LAK Details
| ISO 4217 Code | LAK |
|---|---|
| ISO 4217 Number | 418 |
| Unit Name | Kip |
| Symbol | ₭ |
| Currency Nicknames | N.a. |
LAK Denominations
| Minor Unit Name | N.a. |
|---|---|
| Minor Unit Symbol | N.a. |
| Minor Units | 2 |
| Frequently Used banknotes | ₭500, ₭1000, ₭2000, ₭5000, ₭10000, ₭20000, ₭50000, ₭100000 |
| Rarely Used Banknotes | ₭1, ₭5, ₭10, ₭20, ₭50, ₭100 |
| Frequently Used Coins | N.a. |
| Rarely Used Coins | 10, 20, 50 |
LAK Issuance
| Central Bank | Bank of Lao P.D.R. |
|---|---|
| Central Bank Website | http://www.bol.gov.la |
World Bank Statistics
| Estimated User Population | 7,061,507 people |
|---|---|
| Population Rank | #86 |
| LAK Inflation Rate | 2.040% |
| Inflation Rank | #75 |
† Population and Inflation rate as based on data from the World Bank.
‡ Corrections or suggestions? Please contact us.
2020 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.
| Holiday | Date | Status |
|---|---|---|
| New Year's Day | January 1, 2020 | Closed |
| International Women's Day | March 9, 2020 | Closed |
| Boun Pimai | April 16, 2020 | Closed |
| Boun Pimai | April 17, 2020 | Closed |
| Boun Pimai | April 18, 2020 | Closed |
| Labour Day | May 1, 2020 | Closed |
| Lao Women's Union Establishment Day | July 20, 2020 | Closed |
| Bank Anniversary | October 7, 2020 | Closed |
| Independence Day | December 2, 2020 | 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 |