Historic Libyan dinar Lao kip

Libyan dinar lao kip history for December 2023. The highest quote for this month is 4325.31 (01/12/2023) and the lowest 4320.63 (02/12/2023). The difference between high and low is 0.11.

LYD LAK average rate for December 2023 is 4294.85821, the change between 01/12/2023 and 31/12/2023 is -0.81 %.

01 December 20231 LYD = 4290.05 LAK
02 December 20231 LYD = 4320.63 LAK
03 December 20231 LYD = 4320.63 LAK
04 December 20231 LYD = 4290.96 LAK
05 December 20231 LYD = 4316.68 LAK
06 December 20231 LYD = 4306.25 LAK
07 December 20231 LYD = 4266.13 LAK
08 December 20231 LYD = 4287.51 LAK
10 December 20231 LYD = 4294.27 LAK
11 December 20231 LYD = 4263.99 LAK
12 December 20231 LYD = 4312.50 LAK
13 December 20231 LYD = 4267.63 LAK
14 December 20231 LYD = 4298.34 LAK
15 December 20231 LYD = 4322.85 LAK
16 December 20231 LYD = 4292.04 LAK
17 December 20231 LYD = 4292.04 LAK
18 December 20231 LYD = 4261.08 LAK
19 December 20231 LYD = 4271.64 LAK
20 December 20231 LYD = 4292.45 LAK
21 December 20231 LYD = 4299.16 LAK
22 December 20231 LYD = 4314.47 LAK
23 December 20231 LYD = 4292.79 LAK
24 December 20231 LYD = 4292.79 LAK
25 December 20231 LYD = 4262.74 LAK
26 December 20231 LYD = 4262.74 LAK
27 December 20231 LYD = 4311.97 LAK
28 December 20231 LYD = 4326.81 LAK
29 December 20231 LYD = 4324.89 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.
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