Libyan dinar lao kip exchange rate history (LYD LAK) August 2023

Libyan dinar lao kip history for August 2023. The highest quote for this month is 4049.58 (12/08/2023) and the lowest 4049.58 (12/08/2023). The difference between high and low is 0.

LYD LAK average rate for August 2023 is 4016.32346, the change between 01/08/2023 and 31/08/2023 is -1.02 %.

01 August 2023	1 LYD = 3996.85 LAK
02 August 2023	1 LYD = 3983.23 LAK
03 August 2023	1 LYD = 4023.16 LAK
04 August 2023	1 LYD = 3993.71 LAK
07 August 2023	1 LYD = 4022.58 LAK
08 August 2023	1 LYD = 4020.50 LAK
09 August 2023	1 LYD = 4028.24 LAK
10 August 2023	1 LYD = 4031.95 LAK
11 August 2023	1 LYD = 4029.14 LAK
12 August 2023	1 LYD = 4049.58 LAK
14 August 2023	1 LYD = 4028.81 LAK
15 August 2023	1 LYD = 3987.47 LAK
16 August 2023	1 LYD = 3983.33 LAK
17 August 2023	1 LYD = 3993.75 LAK
18 August 2023	1 LYD = 4004.17 LAK
19 August 2023	1 LYD = 3990.00 LAK
20 August 2023	1 LYD = 3990.00 LAK
21 August 2023	1 LYD = 4019.39 LAK
22 August 2023	1 LYD = 4012.47 LAK
23 August 2023	1 LYD = 4019.79 LAK
24 August 2023	1 LYD = 4019.79 LAK
25 August 2023	1 LYD = 4031.25 LAK
28 August 2023	1 LYD = 4043.65 LAK
29 August 2023	1 LYD = 4048.90 LAK
30 August 2023	1 LYD = 4035.20 LAK
31 August 2023	1 LYD = 4037.50 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.

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

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.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

02/07/1997: Lao kip devalued

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

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

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.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

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.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

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.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.

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 Libyan dinar Lao kip