Historic Libyan dinar Lao kip

Libyan dinar lao kip history for October 2023. The highest quote for this month is 4248.97 (26/10/2023) and the lowest 4235.31 (28/10/2023). The difference between high and low is 0.32.

LYD LAK average rate for October 2023 is 4207.92679, the change between 01/10/2023 and 31/10/2023 is -2.22 %.

01 October 20231 LYD = 4158.38 LAK
02 October 20231 LYD = 4146.82 LAK
03 October 20231 LYD = 4170.43 LAK
04 October 20231 LYD = 4161.55 LAK
05 October 20231 LYD = 4177.91 LAK
06 October 20231 LYD = 4150.95 LAK
07 October 20231 LYD = 4186.62 LAK
09 October 20231 LYD = 4161.32 LAK
10 October 20231 LYD = 4166.82 LAK
11 October 20231 LYD = 4207.82 LAK
12 October 20231 LYD = 4221.65 LAK
13 October 20231 LYD = 4213.99 LAK
16 October 20231 LYD = 4214.20 LAK
17 October 20231 LYD = 4226.43 LAK
18 October 20231 LYD = 4234.09 LAK
19 October 20231 LYD = 4195.64 LAK
20 October 20231 LYD = 4242.30 LAK
21 October 20231 LYD = 4229.68 LAK
22 October 20231 LYD = 4229.68 LAK
23 October 20231 LYD = 4203.10 LAK
24 October 20231 LYD = 4239.24 LAK
25 October 20231 LYD = 4257.73 LAK
26 October 20231 LYD = 4248.97 LAK
27 October 20231 LYD = 4248.97 LAK
28 October 20231 LYD = 4235.31 LAK
29 October 20231 LYD = 4235.31 LAK
30 October 20231 LYD = 4206.53 LAK
31 October 20231 LYD = 4250.51 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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