Historic Libyan dinar Lao kip

Libyan dinar lao kip history for January 2024. The highest quote for this month is 4324.89 (02/01/2024) and the lowest 4316.35 (06/01/2024). The difference between high and low is 0.2.

LYD LAK average rate for January 2024 is 4296.11407, the change between 01/01/2024 and 31/01/2024 is -0.27 %.

01 January 20241 LYD = 4286.97 LAK
02 January 20241 LYD = 4286.97 LAK
03 January 20241 LYD = 4315.79 LAK
04 January 20241 LYD = 4315.79 LAK
05 January 20241 LYD = 4307.53 LAK
06 January 20241 LYD = 4298.51 LAK
07 January 20241 LYD = 4299.05 LAK
08 January 20241 LYD = 4268.52 LAK
09 January 20241 LYD = 4305.44 LAK
10 January 20241 LYD = 4272.45 LAK
11 January 20241 LYD = 4314.47 LAK
12 January 20241 LYD = 4313.42 LAK
14 January 20241 LYD = 4300.63 LAK
15 January 20241 LYD = 4279.12 LAK
16 January 20241 LYD = 4276.89 LAK
17 January 20241 LYD = 4265.45 LAK
18 January 20241 LYD = 4300.00 LAK
19 January 20241 LYD = 4300.00 LAK
22 January 20241 LYD = 4270.86 LAK
23 January 20241 LYD = 4298.96 LAK
24 January 20241 LYD = 4311.06 LAK
25 January 20241 LYD = 4306.25 LAK
26 January 20241 LYD = 4314.20 LAK
28 January 20241 LYD = 4302.34 LAK
29 January 20241 LYD = 4279.82 LAK
30 January 20241 LYD = 4306.25 LAK
31 January 20241 LYD = 4298.34 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.
LYD LAK July 2023
LYD LAK August 2023
LYD LAK September 2023
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LYD LAK January 2024
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