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Lao Kip (LAK)

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14y ago

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What does the postage currency symbol k represent on laos stamps?

Laotian currency changed in 1955 - 100 cents = 1 Kip


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Laos and Belarus primarily rely on paper currency instead of coins due to various economic and practical reasons. In Laos, the use of coins is limited because of their low value and the costs associated with minting and distributing them. Similarly, in Belarus, high inflation rates have diminished the purchasing power of coins, making them less practical for everyday transactions. Both countries have thus opted to streamline their currency systems to focus on banknotes that better meet the needs of their economies.


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