Kip (Currency)

Kip is the currency of Laos. By ISO 4217 it is abbreviated as LAK. One Kip is divided in 100 At. In 1979 a currency reform was made, replacing 100 old kip by one new kip. The exchange rate as of June 2004 was 1 EUR = 9558 LAK and 1 USD = 10552 LAK.

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