Lao Kip (LAK)
a.k.a. LAK, Kip
The currency of Laos, code LAK, which weakened sharply in the early 2020s amid debt troubles.
In plain English
The currency of Laos, code LAK, which weakened sharply in the early 2020s amid debt troubles.
The Lao kip (LAK) lost a large share of its value from 2022 as Laos struggled with foreign debts and high inflation. Thai baht and US dollars are also widely used.
It is not tradable through mainstream brokers.
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