Historic Omani rial Lao kip

Omani rial lao kip history for February 2024. The highest quote for this month is 54224.4 (16/02/2024) and the lowest 55342 (12/02/2024). The difference between high and low is -2.06.

OMR LAK average rate for February 2024 is 54035.38148, the change between 01/02/2024 and 29/02/2024 is +0.38 %.

01 February 20241 OMR = 53901.90 LAK
02 February 20241 OMR = 54016.90 LAK
03 February 20241 OMR = 53854.50 LAK
04 February 20241 OMR = 53854.50 LAK
05 February 20241 OMR = 53975.50 LAK
06 February 20241 OMR = 53707.40 LAK
07 February 20241 OMR = 54164.20 LAK
08 February 20241 OMR = 54202.70 LAK
09 February 20241 OMR = 54175.40 LAK
12 February 20241 OMR = 53593.70 LAK
13 February 20241 OMR = 54199.20 LAK
14 February 20241 OMR = 54232.50 LAK
15 February 20241 OMR = 54255.90 LAK
16 February 20241 OMR = 54281.70 LAK
17 February 20241 OMR = 54083.10 LAK
18 February 20241 OMR = 54083.10 LAK
19 February 20241 OMR = 53712.70 LAK
20 February 20241 OMR = 53759.50 LAK
21 February 20241 OMR = 54228.50 LAK
22 February 20241 OMR = 54254.00 LAK
23 February 20241 OMR = 54266.90 LAK
24 February 20241 OMR = 54123.10 LAK
25 February 20241 OMR = 54123.10 LAK
26 February 20241 OMR = 53694.20 LAK
27 February 20241 OMR = 54257.30 LAK
28 February 20241 OMR = 54256.90 LAK
29 February 20241 OMR = 53696.90 LAK

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

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.

02/12/1976: 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.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

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.

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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