Historic Libyan dinar Lao kip

Libyan dinar lao kip history for February 2024. The highest quote for this month is 4322.44 (24/02/2024) and the lowest 4322.44 (24/02/2024). The difference between high and low is 0.

LYD LAK average rate for February 2024 is 4307.76741, the change between 01/02/2024 and 29/02/2024 is +0.3 %.

01 February 20241 LYD = 4307.29 LAK
02 February 20241 LYD = 4325.68 LAK
03 February 20241 LYD = 4304.61 LAK
04 February 20241 LYD = 4299.61 LAK
05 February 20241 LYD = 4277.70 LAK
06 February 20241 LYD = 4286.71 LAK
07 February 20241 LYD = 4337.16 LAK
08 February 20241 LYD = 4313.28 LAK
09 February 20241 LYD = 4306.74 LAK
12 February 20241 LYD = 4283.84 LAK
13 February 20241 LYD = 4322.25 LAK
14 February 20241 LYD = 4315.35 LAK
15 February 20241 LYD = 4308.49 LAK
16 February 20241 LYD = 4310.56 LAK
17 February 20241 LYD = 4304.47 LAK
18 February 20241 LYD = 4304.47 LAK
19 February 20241 LYD = 4277.71 LAK
20 February 20241 LYD = 4284.75 LAK
21 February 20241 LYD = 4315.35 LAK
22 February 20241 LYD = 4317.43 LAK
23 February 20241 LYD = 4327.44 LAK
24 February 20241 LYD = 4322.44 LAK
25 February 20241 LYD = 4322.44 LAK
26 February 20241 LYD = 4296.35 LAK
27 February 20241 LYD = 4317.01 LAK
28 February 20241 LYD = 4326.40 LAK
29 February 20241 LYD = 4294.19 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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