Lao kip yemeni rial exchange rate history (LAK YER) December 2023

Lao kip yemeni rial history for December 2023. The highest quote for this month is 0.012278 (22/12/2023) and the lowest 0.012351 (28/12/2023). The difference between high and low is -0.59.

LAK YER average rate for December 2023 is 0.01215, the change between 01/12/2023 and 31/12/2023 is +0.25 %.

01 December 2023	1 LAK = 0.0122 YER
02 December 2023	1 LAK = 0.0121 YER
03 December 2023	1 LAK = 0.0121 YER
04 December 2023	1 LAK = 0.0122 YER
05 December 2023	1 LAK = 0.0121 YER
06 December 2023	1 LAK = 0.0121 YER
07 December 2023	1 LAK = 0.0122 YER
08 December 2023	1 LAK = 0.0121 YER
10 December 2023	1 LAK = 0.0121 YER
11 December 2023	1 LAK = 0.0122 YER
12 December 2023	1 LAK = 0.0121 YER
13 December 2023	1 LAK = 0.0122 YER
14 December 2023	1 LAK = 0.0121 YER
15 December 2023	1 LAK = 0.0121 YER
16 December 2023	1 LAK = 0.0122 YER
17 December 2023	1 LAK = 0.0122 YER
18 December 2023	1 LAK = 0.0122 YER
19 December 2023	1 LAK = 0.0123 YER
20 December 2023	1 LAK = 0.0122 YER
21 December 2023	1 LAK = 0.0122 YER
22 December 2023	1 LAK = 0.0121 YER
23 December 2023	1 LAK = 0.0122 YER
24 December 2023	1 LAK = 0.0122 YER
25 December 2023	1 LAK = 0.0122 YER
26 December 2023	1 LAK = 0.0122 YER
27 December 2023	1 LAK = 0.0122 YER
28 December 2023	1 LAK = 0.0121 YER
29 December 2023	1 LAK = 0.0122 YER

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.

11/02/2020: Currency Devaluation

The Yemeni Rial witnessed another devaluation as the Central Bank of Yemen devalued the currency by 25% to ease foreign currency shortages and stabilize the economy.

13/10/2016: Central Bank Relocation

The internationally recognized government of Yemen relocated the Central Bank from Sana'a to Aden, causing further fragmentation in the value and availability of the Yemeni Rial.

16/09/2015: Houthi Takeover and Currency Instability

Following the Houthi rebel's takeover of the capital Sana'a, the Yemeni Rial faced further instability, resulting in hyperinflation and a depreciation of its value.

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.

27/09/2009: Government Decision

The Yemeni government announced a 9.3% devaluation of the rial as a measure to cope with the economic crisis and declining oil revenues.

02/07/1997: Lao kip devalued

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

04/05/1994: Civil War and Currency Devaluation

During the Yemeni Civil War, the Yemeni Rial experienced a significant devaluation, with the exchange rate reaching around 200 rials for 1 US dollar.

22/05/1990: Yemeni Unification

The Yemeni Rial became the official currency of the newly unified country of Yemen after the merger of the Yemen Arab Republic (North Yemen) and People's Democratic Republic of Yemen (South Yemen).

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.

26/08/1948: Currency Introduction

The Yemeni Rial (YER) was first introduced as the official currency of North Yemen, replacing the Yemeni Riyal at a rate of 1 rial = 1,000 Riyals.

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.

Historic Lao kip Yemeni Rial