Historic Omani rial Lao kip

Omani rial lao kip history for January 2024. The highest quote for this month is 53901.6 (26/01/2024) and the lowest 54524.1 (01/01/2024). The difference between high and low is -1.15.

OMR LAK average rate for January 2024 is 53575.58148, the change between 01/01/2024 and 31/01/2024 is -1.7 %.

01 January 20241 OMR = 53000.40 LAK
02 January 20241 OMR = 53048.40 LAK
03 January 20241 OMR = 53451.70 LAK
04 January 20241 OMR = 53457.10 LAK
05 January 20241 OMR = 53678.90 LAK
06 January 20241 OMR = 53477.90 LAK
07 January 20241 OMR = 53477.90 LAK
08 January 20241 OMR = 54748.90 LAK
09 January 20241 OMR = 53653.40 LAK
10 January 20241 OMR = 53126.60 LAK
11 January 20241 OMR = 53653.40 LAK
12 January 20241 OMR = 53640.10 LAK
14 January 20241 OMR = 53504.80 LAK
15 January 20241 OMR = 53051.70 LAK
16 January 20241 OMR = 53149.40 LAK
17 January 20241 OMR = 53213.10 LAK
18 January 20241 OMR = 53810.50 LAK
19 January 20241 OMR = 53811.00 LAK
22 January 20241 OMR = 53219.30 LAK
23 January 20241 OMR = 53798.50 LAK
24 January 20241 OMR = 53836.60 LAK
25 January 20241 OMR = 53889.00 LAK
26 January 20241 OMR = 53877.00 LAK
28 January 20241 OMR = 53755.80 LAK
29 January 20241 OMR = 53420.20 LAK
30 January 20241 OMR = 53888.70 LAK
31 January 20241 OMR = 53900.40 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.
OMR LAK August 2023
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OMR LAK January 2024
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OMR LAK August 2024