Historic Eritrean nakfa Lao kip

Eritrean nakfa lao kip history for January 2024. The highest quote for this month is 1373.32 (28/01/2024) and the lowest 1373.32 (28/01/2024). The difference between high and low is 0.

ERN LAK average rate for January 2024 is 1363.65296, the change between 01/01/2024 and 31/01/2024 is -1.73 %.

01 January 20241 ERN = 1350.37 LAK
02 January 20241 ERN = 1351.59 LAK
03 January 20241 ERN = 1362.13 LAK
04 January 20241 ERN = 1360.32 LAK
05 January 20241 ERN = 1366.29 LAK
06 January 20241 ERN = 1366.22 LAK
07 January 20241 ERN = 1366.22 LAK
08 January 20241 ERN = 1350.09 LAK
09 January 20241 ERN = 1365.63 LAK
10 January 20241 ERN = 1353.75 LAK
11 January 20241 ERN = 1365.63 LAK
12 January 20241 ERN = 1367.11 LAK
14 January 20241 ERN = 1368.37 LAK
15 January 20241 ERN = 1351.71 LAK
16 January 20241 ERN = 1352.88 LAK
17 January 20241 ERN = 1357.55 LAK
18 January 20241 ERN = 1369.61 LAK
19 January 20241 ERN = 1371.43 LAK
22 January 20241 ERN = 1355.91 LAK
23 January 20241 ERN = 1371.10 LAK
24 January 20241 ERN = 1370.27 LAK
25 January 20241 ERN = 1371.60 LAK
26 January 20241 ERN = 1371.27 LAK
28 January 20241 ERN = 1373.32 LAK
29 January 20241 ERN = 1362.91 LAK
30 January 20241 ERN = 1371.60 LAK
31 January 20241 ERN = 1373.75 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.

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

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.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

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.

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.
ERN LAK January 2024
ERN LAK February 2024
ERN LAK March 2024
ERN LAK April 2024
ERN LAK May 2024
ERN LAK June 2024
ERN LAK July 2024
ERN LAK August 2024
ERN LAK September 2024
ERN LAK October 2024
ERN LAK November 2024
ERN LAK December 2024
ERN LAK January 2025