LAK · LAK
Lao Kip (LAK)
The Lao Kip (LAK) is the official currency of Laos. This page provides an overview of its history, denominations, and role in the economy.
Convert this currency
Converted amount
0.0000 USD
Exchange rate
1 LAK = 0.000044 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
LAK · Lao Kip
LAK - Lao Kip: Overview, History, and Usage
The Lao Kip (LAK) has been the official currency of Laos since 1952, replacing the French Indochinese Piastre. It is issued by the Bank of the Lao P.D.R. and is subdivided into 100 att, although att coins are no longer in circulation due to their low value. The currency symbol is ₭ or ₭N, and its ISO code is LAK.
In the modern economy, the Lao Kip is used for everyday transactions within Laos, but its value is relatively low compared to major world currencies. As a result, larger denominations, such as 10,000 and 20,000 kip notes, are commonly used. The currency has experienced periods of high inflation and devaluation, which have influenced its purchasing power and the use of foreign currencies in some sectors.
For travelers and businesses, understanding the Lao Kip is essential when visiting or operating in Laos. While the currency is not widely traded internationally, it plays a vital role in the local economy. This page offers a factual overview of the Lao Kip, including its history, denominations, and practical considerations for use.
- Code
- LAK
- Symbol
- LAK
- Current rate
- USD / LAK
Currency information
Last updated · 8/7/2026
Introduced in 1952, replacing the French Indochinese piastre.
- Official name
- Lao Kip
- Legal tender status
- Legal tender in Laos
- Decimal places
- 2
- Minor unit
- Att · 1 LAK = 100 Att
- Countries
- Laos
- Issuing authority
- Bank of the Lao PDR
- Central bank
- Bank of the Lao PDR · Official website
- Exchange-rate regime
- Managed float
Common banknotes
1,000 Kip · 2,000 Kip · 5,000 Kip · 10,000 Kip · 20,000 Kip · 50,000 Kip · 100,000 Kip
Common coins
10 Att · 20 Att · 50 Att
Also known as
Kip · Lao Kip · LAK · ₭
Practical notes
- The Lao Kip is the official currency of Laos.
- Banknotes are printed on cotton and polymer.
Priority currency pairs
The most useful conversions for this currency.
Lao Kip questions
What is the LAK exchange rate?
The displayed rate is the latest available reference rate for USD/LAK. It can change throughout the day.
How can I convert LAK online?
Use the converter above to calculate indicative amounts between LAK and the other supported currencies.