Historic Lao kip Azerbaijani manat

Lao kip azerbaijani manat history for February 2024. The highest quote for this month is 0.000082 (01/02/2024) and the lowest 0.000083 (01/02/2024). The difference between high and low is -1.22.

LAK AZN average rate for February 2024 is 0.00008, the change between 01/02/2024 and 29/02/2024 is -1.22 %.

01 February 20241 LAK = 0.0001 AZN
02 February 20241 LAK = 0.0001 AZN
05 February 20241 LAK = 0.0001 AZN
06 February 20241 LAK = 0.0001 AZN
07 February 20241 LAK = 0.0001 AZN
08 February 20241 LAK = 0.0001 AZN
09 February 20241 LAK = 0.0001 AZN
12 February 20241 LAK = 0.0001 AZN
13 February 20241 LAK = 0.0001 AZN
14 February 20241 LAK = 0.0001 AZN
15 February 20241 LAK = 0.0001 AZN
16 February 20241 LAK = 0.0001 AZN
19 February 20241 LAK = 0.0001 AZN
20 February 20241 LAK = 0.0001 AZN
21 February 20241 LAK = 0.0001 AZN
22 February 20241 LAK = 0.0001 AZN
23 February 20241 LAK = 0.0001 AZN
26 February 20241 LAK = 0.0001 AZN
27 February 20241 LAK = 0.0001 AZN
28 February 20241 LAK = 0.0001 AZN
29 February 20241 LAK = 0.0001 AZN

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.

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

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.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

02/07/1997: Lao kip devalued

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

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, 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.
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