Historic Belarusian ruble Lao kip

Belarusian ruble lao kip history for July 2023. The highest quote for this month is 7573.83 (31/07/2023) and the lowest 7556.75 (05/07/2023). The difference between high and low is 0.23.

BYN LAK average rate for July 2023 is 7529.67238, the change between 01/07/2023 and 31/07/2023 is -1.33 %.

03 July 20231 BYN = 7488.02 LAK
04 July 20231 BYN = 7439.24 LAK
05 July 20231 BYN = 7556.96 LAK
06 July 20231 BYN = 7456.36 LAK
07 July 20231 BYN = 7452.57 LAK
10 July 20231 BYN = 7518.22 LAK
11 July 20231 BYN = 7580.50 LAK
12 July 20231 BYN = 7583.97 LAK
13 July 20231 BYN = 7648.85 LAK
14 July 20231 BYN = 7564.19 LAK
17 July 20231 BYN = 7508.84 LAK
18 July 20231 BYN = 7565.37 LAK
19 July 20231 BYN = 7538.51 LAK
20 July 20231 BYN = 7539.05 LAK
21 July 20231 BYN = 7559.77 LAK
24 July 20231 BYN = 7486.44 LAK
25 July 20231 BYN = 7513.60 LAK
26 July 20231 BYN = 7506.74 LAK
27 July 20231 BYN = 7513.56 LAK
28 July 20231 BYN = 7514.72 LAK
31 July 20231 BYN = 7587.64 LAK

01/01/2021: Introduction of New Banknotes

New banknotes with enhanced security features were introduced, replacing the previous designs.

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

20/12/2016: Abolishment of Currency Controls

Belarus abolished most of the currency controls, allowing for greater flexibility in foreign currency transactions.

01/01/2015: Introduction of Currency Controls

To stabilize the economy, Belarus implemented currency controls, restricting foreign currency transactions.

22/12/2014: Devaluation of the Belarusian Ruble

The Belarusian Ruble experienced a significant devaluation, causing a sharp drop in its value against major currencies.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

01/07/2011: Creation of the Single Currency Market

The Single Currency Market was established, allowing for unified exchange rates between the Belarusian Ruble and foreign currencies.

01/01/2000: Redenomination of the Belarusian Ruble

The Belarusian Ruble underwent a redenomination, with four zeros being removed from the currency.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

26/05/1992: Introduction of the Belarusian Ruble

The Belarusian Ruble was introduced as the official currency of Belarus, replacing the Soviet ruble.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.