The Lakh reference article from the English Wikipedia on 24-Jul-2004 (provided by Fixed Reference: snapshots of Wikipedia from wikipedia.org)

Lakh

A lakh (also spelled lac) is a unit in a traditional number system, still widely used in India.

One lakh is equal to 100 thousand.

This system of measurement also introduces separators into numbers in a different place than is common outside India. For example, 3 million (30 lakh) would be written as 30,00,000.

See also: Crore (100 lakh); Indian numbering system

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