Finance, Forex and Investments - what is a "lac" in relation to currency in India?

what is a "lac" in relation to currency in India?

A lakh also spelled lac, lacs, lacks, laksha, or lectcham (in Tamil) is a unit in the Indian numbering system, widely used both in official and other contexts in Bangladesh, India, Sri Lanka, and Pakistan. One lakh is equal to a hundred thousand (105). ac or lakh, lac of rupees (= 100,000 rupees, written Rs. 1,00,000) [India].
A lac literally means 100,000 ie. One hundred thousands - A lakh (Devanagari (Hindi): लाख, Urdu: لکھ, Bengali: লাখ, Tamil : இலட்சம்) also spelled lac, lacs, lacks, laksha, or lectcham is a unit in the Indian numbering system, widely used both in official and other contexts in Bangladesh, India, Sri Lanka, and Pakistan. One lakh is equal to a hundred thousand (105). A ten lakh rupees (Indian currency) make one million and a hundred lakhs make ten million. This system of measurement also introduces separators into numbers in a place that is different from that which is common outside India. For example, 3 million (30 lakh) would be written as 30,00,000 instead of 3,000,000. Lakier is called a Lakhpati in hindi-.
lakh or lac is a hundred thousand ie., 100,000 in US terms, it is a tenth of a million.
a lac(lakh) is 100000
1 lac is simply 100 thousand in US/UK currency terms . In terms of numbers 100,000 = 100 thousand = 1 lac