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Definitions from the WebLaotian Monetary UnitLaotian Monetary Unit refers to the official currency of Laos, the currency used in financial transactions within the country. Sense 1: Currency NameAs a noun, the term "Laotian Monetary Unit" is used to describe the basic unit of currency in Laos, which is called the Lao Kip (LAK). It is denoted by the symbol "₭". Sample sentence: The Laotian Monetary Unit, the Lao Kip, is the primary currency used in everyday transactions in Laos. Sense 2: Monetary SystemAs a noun, "Laotian Monetary Unit" can also refer to the overall monetary system of Laos, including its banking infrastructure, currency exchange rates, and financial policies. Sample sentence: The stability of the Laotian Monetary Unit is crucial for the economic growth of Laos. Sense 3: ConversionAs a verb, "Laotian Monetary Unit" can be used to describe the act of converting one currency into another, specifically from the Laotian Kip to another currency. Sample sentence: I need to laotian monetary unit from US dollars to Lao Kip before my trip to Laos. Related Products on Amazon: | ||||
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