Historic Libyan dinar Lao kip

Libyan dinar lao kip history for November 2023. The highest quote for this month is 4330.19 (29/11/2023) and the lowest 4303.78 (26/11/2023). The difference between high and low is 0.61.

LYD LAK average rate for November 2023 is 4274.52885, the change between 01/11/2023 and 30/11/2023 is -1.66 %.

01 November 20231 LYD = 4250.51 LAK
02 November 20231 LYD = 4259.67 LAK
03 November 20231 LYD = 4213.05 LAK
06 November 20231 LYD = 4216.23 LAK
07 November 20231 LYD = 4280.54 LAK
08 November 20231 LYD = 4279.50 LAK
09 November 20231 LYD = 4250.51 LAK
10 November 20231 LYD = 4270.10 LAK
12 November 20231 LYD = 4269.01 LAK
13 November 20231 LYD = 4238.73 LAK
14 November 20231 LYD = 4259.26 LAK
15 November 20231 LYD = 4269.07 LAK
16 November 20231 LYD = 4255.14 LAK
17 November 20231 LYD = 4299.38 LAK
18 November 20231 LYD = 4281.64 LAK
19 November 20231 LYD = 4281.64 LAK
20 November 20231 LYD = 4256.54 LAK
21 November 20231 LYD = 4307.29 LAK
22 November 20231 LYD = 4313.15 LAK
23 November 20231 LYD = 4278.84 LAK
24 November 20231 LYD = 4277.63 LAK
26 November 20231 LYD = 4303.78 LAK
27 November 20231 LYD = 4273.14 LAK
28 November 20231 LYD = 4302.08 LAK
29 November 20231 LYD = 4330.19 LAK
30 November 20231 LYD = 4321.13 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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