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1. The face value of the kip, the Lao currency:
Currently, the commonly used currency in Laos is the kipkip, which has been designated as the Lao People's Democratic Republic since 1952.
of fiat currency. The secondary currency is AT, 1 kip is equal to 100 AT, and the denomination value of kip currently circulating in the market is 500, 1000, 2000, 5000, 10000, 20000, 50000, 100000, 100000 kip According to the current exchange rate, 2000 kip is about yuan. This is similar to the situation in most Asian countries.
For example, the aforementioned Vietnamese currency. Their currencies usually have a larger denomination, mainly because they were previously affected by the Asian financial crisis.
and need to be regulated by monetary policy.
to solve the financial crisis that the country is experiencing.
2. The history of the Lao currency kip:
Laos was formerly a French colony, Crédit Agricole CIB.
Issued by Piast. In May 1955, the State Bank of Laos issued the national currency, the kip, which was equivalent to the Piast liberation kip issued on June 16, 1976, and the new kip issued in 1979, which reclaimed the old liberation kip at a ratio of 1:100.
Real exchange rate. For 1 US dollar to 16 New Kip Currency Introduction: Lao New Kip is issued by Laos, the State Bank, and the secondary currency is Arsenal 1 New Kip = 100 Al has 1, 5, 10, 20, 50, 100, 500, 1000 Kip banknotes and 10, 20, 50 At coins. Its currency symbol is lak.
Finally, let's understand the following monetary characteristics of the Lao currency, the kip: (1) The pattern of the Lao banknote is square with white borders on all sides. Before 1975, the banknotes mostly used the bust of the king, and the subsequent national cases mostly used the scenes of Laos' industrial and agricultural construction, and the front of the banknotes after 1997 used the Chinese ****.
Portrait. (2) The front of the banknote has the national emblem of Laos 3Coins are round, and some coins have holes in the middle.
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The legal tender of the Lao People's Democratic Republic is the Lao Kip, 10,000 Lao Kip = RMB Yuan. Since the foreign exchange rate is changing in real time, this data is for reference only, the specific exchange rate is subject to the actual delivery price of your transaction, the above currency conversion update time: 2021-05-07 10:
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Currency exchange. 10,000 Lao Kip = RMB Yuan.
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10,000 Lao Kip = RMB Yuan.
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Calculated at the exchange rate as of January 22, 20201,000,000 LAO KRW = Chinese Yuan.
The exchange rate of the Lao Kip to the Chinese Yuan on January 22, 2020:
1 Lao Kip = RMB.
1 RMB = 1, Lao Kip.
So, 1,000,000 Lao Dollars = 1,000,000 RMB.
Kip currency**: lak, currency symbol: or n. It has been the legal tender of the Lao People's Democratic Republic since 1952.
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Currently, the common currency of Laos is the kip. Kip has been designated as the Lao People's Democratic Republic since 1952.
of fiat currency. The coin is an at, and 1 kip is equal to 100 at. At present, the denomination value of kip in circulation in the market is 100,000 kip.
According to the current exchange rate, 2000 kip is about the Chinese yuan. This is similar to the situation in most Asian countries. For example, the Vietnamese currency mentioned earlier. Their currencies are usually denominated in larger denominations, mainly because they have all been affected by the Asian financial crisis before.
The impact of the need to adopt a certain monetary policy.
regulation to solve the financial crisis experienced by the country.
As far as Laos is concerned, Laos is a country dominated by agricultural production, with a weak industrial production base and an economic base.
Lag. Since 1986, Laos has been learning from China to promote reform and opening up and adjust the industrial structure.
Combine agriculture and forestry, industry and service industries for common development. At the same time, the highly centralized economic management system will be abolished and a variety of ownership systems will be introduced.
The coexistence of the economic situation and the improvement of the market economic system. Transform the economic form with agriculture as the main driving force into a commodity economy.
In addition, it has opened up to the outside world, promulgated a foreign investment law, improved the investment environment, attracted foreign investment, and expanded and improved foreign economic relations. Attract the world's advanced production technology and management mode. Through this economic reform, the national economy of Laos.
Rapid development, but in 1997, Laos was also affected by the Asian financial crisis. Through Laos' policy of attracting foreign investment, a large number of international tourists have poured into Laos and earned the difference in price in a short period of time. At that time, Laos actively adopted measures such as strengthening macroeconomic regulation and control, rectifying the financial order, and expanding agricultural production to stabilize the domestic financial order and ensure the basic stability of the domestic social order and economic order.
However, it is precisely because of the impact of the financial crisis that the currency of Laos has depreciated significantly. The result is the same as in other countries affected by the Asian financial crisis.
To a certain extent, the financial crisis at the end of the 20th century not only affected the economic strength of Asian countries, but more importantly, greatly reduced the voice of Asian countries in the international economic field and even in other fields.
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It's about 1 piece of 6. Compared with the Lao currency, the value of the renminbi is still relatively high, and our exchange rate is relatively high.
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The unit of currency of Laos is the Lao kip.
Based on the exchange rate as of March 21, 2022.
1 Lao Kip = RMB.
1 RMB = Lao Kip.
2000 Lao kip is converted into RMB.
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The coin is an at, and 1 kip is equal to 100 at. At present, the denomination value of kip in circulation in the market is 100,000 kip.
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yuan, the exchange rate is different every day, and the inflation of money in this country is more serious, so this situation occurs.
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Converted into RMB, it should be about yuan, and the specific exchange rate should be 1:1300
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Currency exchange. 10,000,000 Lao Kip = 4,000 people.
Kip lak, Laos
The renminbi refers to the extreme CNY
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10 million Lao coins are exchanged for 4495 yuan, which is about 5,000 yuan. 1 Lao Dollar to RMB.
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20000 Lao Kip = RMB Exchange rate inquiry channel: 1On the **foreign exchange** software, it comes with the trend of external resistance to do foreign exchange**; 2.
Major financial **also foreign exchange**; 3.Through the foreign exchange query tool that comes with the mobile phone, Chang Zheheng can also inquire about the exchange rate; 4.Most mobile phone **** software also comes with major currency exchange rates**; Notes:
The exchange rate is constantly changing, please refer to the current exchange rate of the day you need when using it, and the exchange at the bank counter and online banking is based on the real-time ** at that time. Reference.
Lao Currency to Chinese Yuan.
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Currency exchange 10000000 Lao base tomato Shen loss Jingpu = 4000 RMB Lao Kip LAK RMB CNY is for reference only, and the transaction price at the bank counter shall prevail.
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Taking the exchange rate on January 21, 2020 as an example, one million Laos DU
The currency is equal to the Chinese yuan. Since 1952, Laos has been designated as legal tender in the Lao People's Democratic Republic.
There is a kip in denomination in circulation, and a kip in a small amount in circulation.
1 kip = 100 at. However, due to the small denomination of the Lao kip, the auxiliary currency art is basically out of circulation.
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Pro, the source of the currency name of the Lao currency is the Lao kip, and the current currency exchange rate with the RMB is:
Currency exchange. 1 Lao Kip = RMB.
1 RMB = Lao Kip.
1,000,000 LAO is equal to 100 * 10,000 RMB = 10,000 RMB.
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Currency exchange.
1,000,000 Lao Kip = 10,000 RMB.
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Currency exchange.
1 RMB = Lao Kip.
1 Lao Kip = RMB Yuan.
1,000,000 LAK=RMB.
Convert to convert.
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Exchange rate conversion.
1,000,000 LAK = 811 RMB.
1 RMB = Lao Kip.
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The exchange rate is different and varies from day to day.
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Current latest exchange rates:
1 Lao Kip = RMB.
1 RMB = 1, Lao Kip.
1,000,000 Lao Kip = RMB Yuan.
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Current Exchange Rate:
1,000,000 Lao Kip = Chinese Yuan.
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1 RMB can be exchanged for Lao kip.
One million Lao coins should be converted to about that.
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According to the calculation that 1 RMB is equal to 1233 Lao kip, it is about 810 RMB.
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800 yuan The name of the Lao currency is Jeep I worked in a travel agency and came back from Laos.
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1 RMB = Lao Kip.
1 Lao Kip = RMB Yuan.
Convert to convert.
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The exchange rate of the Lao Kip to the Chinese Yuan is: 1,000,000*.
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Since the exchange rate changes daily, the most common exchange amount I give you is, 1,000,000 LAK=800 RMB.
Notes:1Redemption is not.
Edition of common foreign currency rights, must go to the Bank of China.
Other banks generally do not accept exchange.
2.The English of the Lao currency is lak, and the Chinese is kip.
Generally, the exchange rate of the Lao Kip to the Chinese Yuan is not high3Data**Yahoo Exchange Rate Query (Laos RMB** Trend Chart).
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Summary. Extended Information; RMB abbreviation: RMB; Currency**:
cny;Currency symbol: is the legal tender of the People's Republic of China. The People's Bank of China is the competent authority for the administration of the renminbi and is responsible for the design, printing and issuance of the renminbi.
Renminbi banknotes and coins are in circulation at equal value, and all of them have unlimited legal solvency, that is, all public and private debts within the territory of the People's Republic of China are paid in renminbi, and no unit or individual may refuse to accept them.
Hello, it is a pleasure to serve you and answer your questions; 10,000,000 Lao Kryu is equal to 50 RMB. In December 2021, the share of RMB in international payments rose to fourth place in the global ranking of payment currencies based on amount statistics. This is also the first time since August 2015 that the global ranking of RMB international payments has surpassed the Japanese yen and ranked among the top four active currencies in the world.
Fight no. Extended Information; RMB abbreviation: RMB; Currency**: CNY; Currency Symbol:
It is the legal tender of the People's Republic of China. The People's Bank of China is the main administrative organ of the state to manage the renminbi, responsible for the design, printing and issuance of the renminbi. Renminbi banknotes and coins are in circulation at the same value, and all of them are indefinitely compensable, that is, all public and private debts within the territory of the People's Republic of China shall be paid in renminbi, and no unit or individual shall refuse to accept them.
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Summary. Dear, glad to answer for you! 1,000,000 Lao yuan is equivalent to 1,000 yuan of goods.
According to the relevant public information of the inquiry, 1,000 yuan can be exchanged for 1 million Lao yuan. 1,000,000 Lao Won can buy goods worth 1,000 RMB.
Dear, glad to answer for you! 1,000,000 Lao yuan is equivalent to 1,000 yuan of goods. According to the inquiry-related open letter, 1,000 yuan can be exchanged for 1 million Lao yuan.
1,000,000 Lao Won can buy goods worth 1,000 RMB.
Expand the information of the concession: Laos's Tanze currency is called the Lao Kip, which is the legal tender of Laos since 1952 and is issued by the Bank of the Lao People's Democratic Republic. ISO 4217 number LAK.
The auxiliary currency unit is art, 1 kip = 100 at.
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Summary. Hello.
Hello. 1 Laotian kip is about RMB.
10,000* is approximately equal to RMB.
It's about RMB, with an extra zero in between
Rates are updated in real-time, so the latest is now around RMB.
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10,000 Lao kip is equivalent to about 8 yuan.
It is calculated as follows:
Laos Kip Amount The exchange rate of the Lao Kip to the RMB on the day = the amount of the Lao Kip convertible to the RMB for travel concessions.
Namely: the town sparrow. 10,000 yuan).
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