Historic Bangladeshi Taka Lao kip

Bangladeshi Taka lao kip history for December 2023. The highest quote for this month is 191.03 (12/12/2023) and the lowest 190.01 (26/12/2023). The difference between high and low is 0.53.

BDT LAK average rate for December 2023 is 189.11036, the change between 01/12/2023 and 31/12/2023 is -0.16 %.

01 December 20231 BDT = 188.3 LAK
02 December 20231 BDT = 188.1 LAK
03 December 20231 BDT = 188.1 LAK
04 December 20231 BDT = 188.6 LAK
05 December 20231 BDT = 190.7 LAK
06 December 20231 BDT = 190.8 LAK
07 December 20231 BDT = 189.3 LAK
08 December 20231 BDT = 190.8 LAK
10 December 20231 BDT = 188.7 LAK
11 December 20231 BDT = 189.2 LAK
12 December 20231 BDT = 190.9 LAK
13 December 20231 BDT = 189.3 LAK
14 December 20231 BDT = 190.8 LAK
15 December 20231 BDT = 190.4 LAK
16 December 20231 BDT = 187.3 LAK
17 December 20231 BDT = 187.3 LAK
18 December 20231 BDT = 187.7 LAK
19 December 20231 BDT = 188.5 LAK
20 December 20231 BDT = 189.6 LAK
21 December 20231 BDT = 190.1 LAK
22 December 20231 BDT = 190.4 LAK
23 December 20231 BDT = 187.7 LAK
24 December 20231 BDT = 187.7 LAK
25 December 20231 BDT = 188.1 LAK
26 December 20231 BDT = 188.2 LAK
27 December 20231 BDT = 189.5 LAK
28 December 20231 BDT = 190.5 LAK
29 December 20231 BDT = 188.6 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.

20/03/2020: Banned Old Notes

Bangladesh bans the circulation of old 1000 Taka notes to combat counterfeit currency and encourage the use of new security-enhanced banknotes.

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.

12/06/2011: Denomination Revamp

Bangladesh revalues its currency by dropping two zeros from the denominations, making 1000 Taka equal to 10 Taka.

01/07/2007: Introduction of Polymer Banknotes

Bangladesh introduces polymer banknotes for the first time, enhancing durability, security, and public acceptance of the Bangladeshi Taka.

02/07/1997: Lao kip devalued

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

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.

02/03/1976: Introduction of Decimal System

Bangladesh transitions from the Indian Rupee-based monetary system to the decimal-based system, resulting in the issuance of new banknotes and coins.

15/08/1975: Assassination of Sheikh Mujibur Rahman

The assassination of Sheikh Mujibur Rahman, the founding father of Bangladesh and the advocate for the Bangladeshi Taka, creates political instability and economic challenges.

04/01/1972: Introduction of Bangladeshi Taka

The Bangladeshi Taka is introduced as the national currency replacing the Pakistani Rupee at par.

25/03/1971: Declaration of Independence

Bangladesh declares independence from Pakistan, leading to the establishment of the Bangladeshi Taka as the 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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