Historic Bolivian boliviano Lao kip

Bolivian boliviano lao kip history for October 2023. The highest quote for this month is 3074.53 (30/10/2023) and the lowest 3049.29 (26/10/2023). The difference between high and low is 0.82.

BOB LAK average rate for October 2023 is 3038.31074, the change between 01/10/2023 and 31/10/2023 is -4.1 %.

01 October 20231 BOB = 2960.58 LAK
02 October 20231 BOB = 2998.32 LAK
03 October 20231 BOB = 3020.39 LAK
04 October 20231 BOB = 3027.54 LAK
05 October 20231 BOB = 3044.09 LAK
06 October 20231 BOB = 3014.71 LAK
07 October 20231 BOB = 2981.78 LAK
09 October 20231 BOB = 3014.52 LAK
10 October 20231 BOB = 3015.41 LAK
11 October 20231 BOB = 3041.03 LAK
12 October 20231 BOB = 3045.78 LAK
13 October 20231 BOB = 3046.88 LAK
16 October 20231 BOB = 3039.62 LAK
17 October 20231 BOB = 3068.15 LAK
18 October 20231 BOB = 3072.20 LAK
19 October 20231 BOB = 3038.20 LAK
20 October 20231 BOB = 3075.21 LAK
21 October 20231 BOB = 3017.52 LAK
22 October 20231 BOB = 3017.52 LAK
23 October 20231 BOB = 3045.68 LAK
24 October 20231 BOB = 3078.89 LAK
25 October 20231 BOB = 3071.93 LAK
26 October 20231 BOB = 3072.06 LAK
27 October 20231 BOB = 3072.58 LAK
29 October 20231 BOB = 3022.77 LAK
30 October 20231 BOB = 3049.06 LAK
31 October 20231 BOB = 3081.97 LAK

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.

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.

31/12/2004: Return to the boliviano

Bolivia ended the dollarization period and officially reintroduced the boliviano as the sole legal tender of the country.

31/12/2003: Dollarization crisis

Bolivia experienced a financial crisis, leading to the temporary dollarization of the economy and the use of the US dollar as legal tender.

02/07/1997: Lao kip devalued

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

31/03/1988: Bolivianoization

Bolivianoization was implemented, requiring all contracts and transactions to be conducted in bolivianos instead of foreign currencies.

28/02/1987: Introduction of the second boliviano

A new boliviano, known as the second boliviano (Boliviano de Segunda), was introduced to replace the heavily devalued first boliviano.

31/01/1986: Hyperinflation crisis

Bolivia experienced a severe hyperinflation crisis, leading to the devaluation of the boliviano.

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.

31/12/1962: Monetary reform

The boliviano underwent a monetary reform, with new banknotes and coins being issued.

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.

31/12/1891: Introduction of Bolivian boliviano

The boliviano was introduced as the official currency of Bolivia, replacing the Bolivian peso.
BOB LAK July 2023
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