Historic Arab Emirates Dirham Lao kip

Arab Emirates Dirham lao kip history for January 2024. The highest quote for this month is 5635.09 (28/01/2024) and the lowest 5635.63 (28/01/2024). The difference between high and low is -0.01.

AED LAK average rate for January 2024 is 5593.67926, the change between 01/01/2024 and 31/01/2024 is -1.6 %.

01 January 20241 AED = 5541.68 LAK
02 January 20241 AED = 5547.27 LAK
03 January 20241 AED = 5583.09 LAK
04 January 20241 AED = 5583.09 LAK
05 January 20241 AED = 5607.60 LAK
06 January 20241 AED = 5606.72 LAK
07 January 20241 AED = 5606.78 LAK
08 January 20241 AED = 5533.76 LAK
09 January 20241 AED = 5604.73 LAK
10 January 20241 AED = 5548.63 LAK
11 January 20241 AED = 5604.73 LAK
12 January 20241 AED = 5603.37 LAK
14 January 20241 AED = 5607.78 LAK
15 January 20241 AED = 5547.09 LAK
16 January 20241 AED = 5552.41 LAK
17 January 20241 AED = 5564.20 LAK
18 January 20241 AED = 5620.92 LAK
19 January 20241 AED = 5620.92 LAK
22 January 20241 AED = 5564.85 LAK
23 January 20241 AED = 5619.55 LAK
24 January 20241 AED = 5623.64 LAK
25 January 20241 AED = 5629.08 LAK
26 January 20241 AED = 5626.83 LAK
28 January 20241 AED = 5635.63 LAK
29 January 20241 AED = 5585.46 LAK
30 January 20241 AED = 5629.08 LAK
31 January 20241 AED = 5630.45 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

02/07/1997: Lao kip devalued

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

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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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