Historic Egyptian Pound Lao kip

Egyptian Pound lao kip history for January 2024. The highest quote for this month is 669.56 (07/01/2024) and the lowest 670.86 (28/01/2024). The difference between high and low is -0.19.

EGP LAK average rate for January 2024 is 665.69556, the change between 01/01/2024 and 31/01/2024 is -1.53 %.

01 January 20241 EGP = 658.7 LAK
02 January 20241 EGP = 657.0 LAK
03 January 20241 EGP = 663.5 LAK
04 January 20241 EGP = 663.5 LAK
05 January 20241 EGP = 669.3 LAK
06 January 20241 EGP = 669.6 LAK
07 January 20241 EGP = 669.6 LAK
08 January 20241 EGP = 664.3 LAK
09 January 20241 EGP = 666.5 LAK
10 January 20241 EGP = 659.9 LAK
11 January 20241 EGP = 666.8 LAK
12 January 20241 EGP = 666.4 LAK
14 January 20241 EGP = 667.6 LAK
15 January 20241 EGP = 659.4 LAK
16 January 20241 EGP = 659.5 LAK
17 January 20241 EGP = 661.8 LAK
18 January 20241 EGP = 668.7 LAK
19 January 20241 EGP = 668.8 LAK
22 January 20241 EGP = 664.5 LAK
23 January 20241 EGP = 668.3 LAK
24 January 20241 EGP = 668.8 LAK
25 January 20241 EGP = 669.5 LAK
26 January 20241 EGP = 669.4 LAK
28 January 20241 EGP = 669.3 LAK
29 January 20241 EGP = 664.9 LAK
30 January 20241 EGP = 669.4 LAK
31 January 20241 EGP = 668.8 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.

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

02/07/1997: Lao kip devalued

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

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

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.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.
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