Historic Costa Rican colón Lao kip

Costa Rican colón lao kip history for February 2024. The highest quote for this month is 41.547 (21/02/2024) and the lowest 41.287 (29/02/2024). The difference between high and low is 0.63.

CRC LAK average rate for February 2024 is 41.09167, the change between 01/02/2024 and 29/02/2024 is +0.63 %.

01 February 20241 CRC = 41.43 LAK
02 February 20241 CRC = 41.46 LAK
03 February 20241 CRC = 40.45 LAK
04 February 20241 CRC = 40.45 LAK
05 February 20241 CRC = 40.80 LAK
06 February 20241 CRC = 40.83 LAK
07 February 20241 CRC = 41.21 LAK
08 February 20241 CRC = 41.25 LAK
09 February 20241 CRC = 41.22 LAK
12 February 20241 CRC = 40.89 LAK
13 February 20241 CRC = 41.28 LAK
14 February 20241 CRC = 41.29 LAK
15 February 20241 CRC = 41.27 LAK
16 February 20241 CRC = 41.27 LAK
17 February 20241 CRC = 40.55 LAK
18 February 20241 CRC = 40.55 LAK
19 February 20241 CRC = 40.96 LAK
20 February 20241 CRC = 41.14 LAK
21 February 20241 CRC = 41.49 LAK
22 February 20241 CRC = 41.59 LAK
23 February 20241 CRC = 41.46 LAK
24 February 20241 CRC = 40.64 LAK
25 February 20241 CRC = 40.64 LAK
26 February 20241 CRC = 41.14 LAK
27 February 20241 CRC = 41.53 LAK
28 February 20241 CRC = 41.50 LAK
29 February 20241 CRC = 41.17 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.

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

02/07/1997: Lao kip devalued

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

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

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.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

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.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
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