Historic Lao kip Ugandan Shilling

Lao kip ugandan shilling history for January 2024. The highest quote for this month is 0.18504 (03/01/2024) and the lowest 0.185 (04/01/2024). The difference between high and low is 0.02.

LAK UGX average rate for January 2024 is 0.18346, the change between 01/01/2024 and 31/01/2024 is +0.88 %.

01 January 20241 LAK = 0.1841 UGX
02 January 20241 LAK = 0.1841 UGX
03 January 20241 LAK = 0.1828 UGX
04 January 20241 LAK = 0.1838 UGX
05 January 20241 LAK = 0.1832 UGX
06 January 20241 LAK = 0.1840 UGX
07 January 20241 LAK = 0.1840 UGX
08 January 20241 LAK = 0.1841 UGX
09 January 20241 LAK = 0.1830 UGX
10 January 20241 LAK = 0.1844 UGX
11 January 20241 LAK = 0.1826 UGX
12 January 20241 LAK = 0.1827 UGX
14 January 20241 LAK = 0.1843 UGX
15 January 20241 LAK = 0.1843 UGX
16 January 20241 LAK = 0.1848 UGX
17 January 20241 LAK = 0.1849 UGX
18 January 20241 LAK = 0.1829 UGX
19 January 20241 LAK = 0.1823 UGX
22 January 20241 LAK = 0.1841 UGX
23 January 20241 LAK = 0.1827 UGX
24 January 20241 LAK = 0.1828 UGX
25 January 20241 LAK = 0.1826 UGX
26 January 20241 LAK = 0.1826 UGX
28 January 20241 LAK = 0.1839 UGX
29 January 20241 LAK = 0.1840 UGX
30 January 20241 LAK = 0.1825 UGX
31 January 20241 LAK = 0.1825 UGX

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.

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

02/07/1997: Lao kip devalued

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

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

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.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

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.
LAK UGX November 2023
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