US Dollar to Lao Kip — exchange rate

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.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 It replaced an outdated currency – the Indochinese piastres.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