Historic Burundian Franc Lao kip

Burundian Franc lao kip history for February 2024. The highest quote for this month is 7.3352 (15/02/2024) and the lowest 7.3316 (24/02/2024). The difference between high and low is 0.05.

BIF LAK average rate for February 2024 is 7.31321, the change between 01/02/2024 and 29/02/2024 is +0.11 %.

01 February 20241 BIF = 7.30 LAK
02 February 20241 BIF = 7.31 LAK
03 February 20241 BIF = 7.30 LAK
04 February 20241 BIF = 7.30 LAK
05 February 20241 BIF = 7.26 LAK
06 February 20241 BIF = 7.28 LAK
07 February 20241 BIF = 7.32 LAK
08 February 20241 BIF = 7.33 LAK
09 February 20241 BIF = 7.34 LAK
12 February 20241 BIF = 7.28 LAK
13 February 20241 BIF = 7.32 LAK
14 February 20241 BIF = 7.33 LAK
15 February 20241 BIF = 7.34 LAK
16 February 20241 BIF = 7.33 LAK
17 February 20241 BIF = 7.33 LAK
18 February 20241 BIF = 7.33 LAK
19 February 20241 BIF = 7.29 LAK
20 February 20241 BIF = 7.29 LAK
21 February 20241 BIF = 7.32 LAK
22 February 20241 BIF = 7.33 LAK
23 February 20241 BIF = 7.33 LAK
24 February 20241 BIF = 7.33 LAK
25 February 20241 BIF = 7.33 LAK
26 February 20241 BIF = 7.29 LAK
27 February 20241 BIF = 7.33 LAK
28 February 20241 BIF = 7.32 LAK
29 February 20241 BIF = 7.29 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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

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.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

02/07/1997: Lao kip devalued

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

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc 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.
BIF LAK August 2023
BIF LAK September 2023
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