Historic Brunei dollar Lao kip

Brunei dollar lao kip history for January 2024. The highest quote for this month is 15743.3 (11/01/2024) and the lowest 15662.8 (01/01/2024). The difference between high and low is 0.51.

BND LAK average rate for January 2024 is 15625.6037, the change between 01/01/2024 and 31/01/2024 is -0.25 %.

01 January 20241 BND = 15662.80 LAK
02 January 20241 BND = 15662.80 LAK
03 January 20241 BND = 15736.60 LAK
04 January 20241 BND = 15717.20 LAK
05 January 20241 BND = 15767.40 LAK
06 January 20241 BND = 15493.30 LAK
07 January 20241 BND = 15493.30 LAK
08 January 20241 BND = 15569.20 LAK
09 January 20241 BND = 15737.60 LAK
10 January 20241 BND = 15577.20 LAK
11 January 20241 BND = 15732.20 LAK
12 January 20241 BND = 15743.30 LAK
14 January 20241 BND = 15471.40 LAK
15 January 20241 BND = 15577.80 LAK
16 January 20241 BND = 15572.00 LAK
17 January 20241 BND = 15486.00 LAK
18 January 20241 BND = 15625.40 LAK
19 January 20241 BND = 15628.30 LAK
22 January 20241 BND = 15513.90 LAK
23 January 20241 BND = 15659.00 LAK
24 January 20241 BND = 15675.60 LAK
25 January 20241 BND = 15717.80 LAK
26 January 20241 BND = 15691.00 LAK
28 January 20241 BND = 15435.60 LAK
29 January 20241 BND = 15562.20 LAK
30 January 20241 BND = 15680.50 LAK
31 January 20241 BND = 15701.90 LAK

01/01/2022: Removal of monarchy symbol

Brunei currency no longer featured the portrait of the Sultan as part of efforts to modernize the banknotes.

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.

21/07/2017: Commencement of New Series Polymer Banknotes

New series of polymer banknotes with modern designs entered circulation.

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.

05/05/2013: Upgrade of polymer banknotes

Introduction of new polymer banknotes with enhanced security features.

01/07/2011: Introduction of Brunei-Indonesia Currency Agreement

Brunei dollar became interchangeable with Indonesian rupiah in specified regions.

02/07/1997: Lao kip devalued

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

18/03/1996: Change in currency regime

Brunei dollar became fully backed by foreign exchange reserves instead of gold.

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.

12/06/1973: Establishment of Brunei Currency Board

Currency Board assumed responsibility for the issuance and management of Brunei dollar.

27/07/1967: Introduction of Brunei and Singapore Currency Interchangeability Agreement

Brunei and Singapore dollars became interchangeable at par.

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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