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Easily convert LAK to XDR with ConvertOnline's efficient tool.
The Laotian Kip (LAK) is the official currency of Laos, a landlocked country in Southeast Asia. It serves as the primary medium of exchange for goods and services within the country, facilitating trade and economic activities among its citizens and visitors.
Special Drawing Rights (XDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. It is not a currency in the traditional sense but rather a financial instrument that can be exchanged among member countries for freely usable currencies to stabilize their economies and support international trade.