Historic Bangladeshi Taka Lao kip

Bangladeshi Taka lao kip history for January 2024. The highest quote for this month is 191.27 (30/01/2024) and the lowest 189.75 (31/01/2024). The difference between high and low is 0.79.

BDT LAK average rate for January 2024 is 189.68667, the change between 01/01/2024 and 31/01/2024 is -1.83 %.

01 January 20241 BDT = 187.9 LAK
02 January 20241 BDT = 187.9 LAK
03 January 20241 BDT = 189.6 LAK
04 January 20241 BDT = 189.8 LAK
05 January 20241 BDT = 190.5 LAK
06 January 20241 BDT = 188.7 LAK
07 January 20241 BDT = 188.0 LAK
08 January 20241 BDT = 188.5 LAK
09 January 20241 BDT = 190.5 LAK
10 January 20241 BDT = 188.6 LAK
11 January 20241 BDT = 190.4 LAK
12 January 20241 BDT = 190.3 LAK
14 January 20241 BDT = 188.1 LAK
15 January 20241 BDT = 188.7 LAK
16 January 20241 BDT = 188.8 LAK
17 January 20241 BDT = 188.7 LAK
18 January 20241 BDT = 191.0 LAK
19 January 20241 BDT = 190.9 LAK
22 January 20241 BDT = 189.2 LAK
23 January 20241 BDT = 191.0 LAK
24 January 20241 BDT = 191.1 LAK
25 January 20241 BDT = 191.3 LAK
26 January 20241 BDT = 191.1 LAK
28 January 20241 BDT = 189.0 LAK
29 January 20241 BDT = 189.6 LAK
30 January 20241 BDT = 191.3 LAK
31 January 20241 BDT = 191.3 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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