Historic Omani rial Lao kip

Omani rial lao kip history for October 2023. The highest quote for this month is 53837.2 (30/10/2023) and the lowest 55106.8 (30/10/2023). The difference between high and low is -2.36.

OMR LAK average rate for October 2023 is 53423.28519, the change between 01/10/2023 and 31/10/2023 is -2.44 %.

01 October 20231 OMR = 52689.00 LAK
02 October 20231 OMR = 52595.00 LAK
03 October 20231 OMR = 52954.20 LAK
04 October 20231 OMR = 53054.50 LAK
05 October 20231 OMR = 53262.90 LAK
06 October 20231 OMR = 52671.60 LAK
07 October 20231 OMR = 53129.90 LAK
09 October 20231 OMR = 52525.40 LAK
10 October 20231 OMR = 52816.60 LAK
11 October 20231 OMR = 53314.10 LAK
12 October 20231 OMR = 53377.30 LAK
13 October 20231 OMR = 53393.30 LAK
16 October 20231 OMR = 54960.30 LAK
17 October 20231 OMR = 53771.30 LAK
18 October 20231 OMR = 53760.20 LAK
19 October 20231 OMR = 53242.90 LAK
20 October 20231 OMR = 53870.30 LAK
21 October 20231 OMR = 53702.30 LAK
22 October 20231 OMR = 53702.30 LAK
23 October 20231 OMR = 53217.80 LAK
24 October 20231 OMR = 53939.90 LAK
25 October 20231 OMR = 53842.80 LAK
26 October 20231 OMR = 53783.00 LAK
27 October 20231 OMR = 53848.40 LAK
29 October 20231 OMR = 53781.80 LAK
30 October 20231 OMR = 53249.60 LAK
31 October 20231 OMR = 53972.00 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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