Pound Sterling to Lao Kip — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Lao People's Democratic Republic

Currency Code, Symbol: LAK, ₭

Denominations of coins in circulation: 10, 20, 50 att

Denominations of banknotes in circulation: 500, 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000 kip

History: The Lao kip (₭) is the national currency of Laos. The currency is not used for payment in other countries. The international currency exchange uses the LAK abbreviation.Formally, change coins are called att. However, due to inflation and low value, coins do not participate in real circulation.The currency gained a national status in 1955. It replaced an outdated currency – the Indochinese piastres. Despite its official status, the currency is not that popular in Laos. Usually it is used in two currencies exchange: the Thai baht and the American dollar ($).Read More