Historic Libyan dinar Lao kip

Libyan dinar lao kip history for September 2023. The highest quote for this month is 4158.38 (30/09/2023) and the lowest 4154.28 (30/09/2023). The difference between high and low is 0.1.

LYD LAK average rate for September 2023 is 4102.31043, the change between 01/09/2023 and 30/09/2023 is -2.74 %.

01 September 20231 LYD = 4047.39 LAK
04 September 20231 LYD = 4062.38 LAK
05 September 20231 LYD = 4069.44 LAK
06 September 20231 LYD = 4069.67 LAK
07 September 20231 LYD = 4074.69 LAK
08 September 20231 LYD = 4059.92 LAK
11 September 20231 LYD = 4060.02 LAK
12 September 20231 LYD = 4087.45 LAK
13 September 20231 LYD = 4101.87 LAK
14 September 20231 LYD = 4101.87 LAK
15 September 20231 LYD = 4102.70 LAK
18 September 20231 LYD = 4099.28 LAK
19 September 20231 LYD = 4105.37 LAK
20 September 20231 LYD = 4103.09 LAK
21 September 20231 LYD = 4113.64 LAK
22 September 20231 LYD = 4136.65 LAK
23 September 20231 LYD = 4118.93 LAK
24 September 20231 LYD = 4118.93 LAK
25 September 20231 LYD = 4105.38 LAK
27 September 20231 LYD = 4131.69 LAK
28 September 20231 LYD = 4157.73 LAK
29 September 20231 LYD = 4166.67 LAK
30 September 20231 LYD = 4158.38 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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