1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 1281.5853 LAK (Lao Kip). It is the official currency of Laos, also known as Lao People's Democratic Republic. The LAK (Lao Kip) was subdivided into 100 Atts. The issue of the currency is controlled and monitored by the Bank of the Lao P.D.R. The LAK is pegged to None.