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.
17/03/2020: COVID-19 Impact on the Dinar
The COVID-19 pandemic and its economic consequences significantly impacted the value and stability of the Jordanian dinar.
10/11/2019: Announcement of Digitizing the Dinar
The Central Bank of Jordan announced its plan to digitize the Jordanian dinar to enhance efficiency and reduce costs.
15/12/2013: Launch of the New 50 Dinar Note
A new 50 dinar banknote featuring King Abdullah II was released, replacing the old design.
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.
01/01/2001: Introduction of New Dinar Notes
New banknotes of the Jordanian dinar were introduced with enhanced security features.
02/07/1997: Lao kip devalued
Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.
01/07/1989: Devaluation of the Dinar
The Jordanian dinar was devalued by 50% to stimulate exports and economic growth.
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.
01/03/1965: Replacement of Filas
The filas, a fractional unit of the dinar, were replaced by smaller denomination coins.
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.
01/04/1950: Introduction of the Jordanian Dinar
The Jordanian dinar was introduced as the official currency of Jordan, replacing the Palestine pound.
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.