10 Cheapest Currencies in the World in 2017

Page 5 of 11

7. Lao or Laotian Kip (LAK)

1 USD = 8,248.44 LAK

With Laos’ external deficit expected to widen to about 20% of its GDP this year, the weak Laotian Kip is posing a serious threat to the Southeast Asian state’s economy. Last year, a Laos’ trade ministry official stressed that the LAK was not overvalued after an assessment from the International Monetary Fund said that the kip was “too strong” given the state’s wide deficit, Reuters reported.

Laos Mekong River

Image Credit: Pixabay/Public Domain

Page 5 of 11