AED to LAK

AED - United Arab Emirates Dirham (د.إ.‏)
LAK - Laotian Kip ()
1 AED1 LAK

Currency conversion rates from AED to LAK

AEDLAK
1 AED1 LAK
5 AED5 LAK
10 AED10 LAK
20 AED20 LAK
50 AED50 LAK
100 AED100 LAK
250 AED250 LAK
500 AED500 LAK
1000 AED1000 LAK
2000 AED2000 LAK
5000 AED5000 LAK
10000 AED10000 LAK
LAKAED
1 LAK1 AED
5 LAK5 AED
10 LAK10 AED
20 LAK20 AED
50 LAK50 AED
100 LAK100 AED
250 LAK250 AED
500 LAK500 AED
1000 LAK1000 AED
2000 LAK2000 AED
5000 LAK5000 AED
10000 LAK10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


LAK - Laotian Kip (LAK)

Laotian Kip

The Lao Kip has been the official currency of Laos since 1952, when it replaced the French Indochinese Piastre at par. At the time, the Kip was sub-divided into 100 att. The symbol for the Lao Kip is ₭.

The Lao Kip is the currency in Laos (People's Democratic Republic of Lao, LA, LAO). The symbol for LAK can be written KN. The Lao Kip is divided into 100 at. The exchange rate for the Lao Kip was last updated on May 24, 2019 from Yahoo Finance. The LAK conversion factor has 5 significant digits.

Economy

  • Laos's economy depends heavily on investment and trade with its neighbors, Thailand, Vietnam, and especially in the north, China. Pakxe has also experienced growth based on cross-border trade with Thailand and Vietnam.
  • In 2011, the Democratic Republic of the stock market began trading.
  • Laos is rich in mineral resources, oil and gas imports. Metallurgy is an important industry, and the government hopes to attract foreign investment to develop the important coal deposits, gold, bauxite, tin, copper and other precious metals.
  • Abundant water resources of the country and mountainous terrain enable them to produce and export large amounts of hydroelectric power. Potential capacity of approximately 18,000 megawatts, about 8,000 megawatts have been committed for export to Thailand and Vietnam.

History

  • The first version of the Lao Kip was released in 1945-1946. The Free Kip government in Vientiane issued a series of paper money in denominations of 10, 20 and 50 att and 10 Kip before the French authorities took control of the region.
  • In 1952, the Lao Kip was reintroduced, replacing the French Indochinese Piastre at par. Coins were issued in denominations of 10, 20 and 50 cents or inscriptions att French and Lao. All were minted in aluminum and had a hole in the center, like the Chinese cash coins. The only year of issue was 1952.
  • In 1957, the government issued notes denominated solely in Lao Kip. The notes were 1, 5, 10, 20, 50, 100 and 500 Kip.
  • In 1963, 200 and 1,000 Lao Kip notes were followed by 5,000 Kip notes in 1975. All were printed in France.

More information about LAK - Laotian Kip (LAK)