Historic Gibraltar pound Lao kip

Gibraltar pound lao kip history for January 2024. The highest quote for this month is 26301.1 (25/01/2024) and the lowest 26122.5 (26/01/2024). The difference between high and low is 0.68.

GIP LAK average rate for January 2024 is 26083.1913, the change between 01/01/2024 and 31/01/2024 is -1.52 %.

01 January 20241 GIP = 25917.00 LAK
02 January 20241 GIP = 25727.50 LAK
03 January 20241 GIP = 25919.80 LAK
04 January 20241 GIP = 26045.00 LAK
05 January 20241 GIP = 26195.90 LAK
08 January 20241 GIP = 25851.00 LAK
09 January 20241 GIP = 26196.50 LAK
10 January 20241 GIP = 25927.70 LAK
11 January 20241 GIP = 26223.20 LAK
12 January 20241 GIP = 26250.30 LAK
15 January 20241 GIP = 25919.60 LAK
16 January 20241 GIP = 25804.20 LAK
17 January 20241 GIP = 25855.70 LAK
18 January 20241 GIP = 26136.50 LAK
19 January 20241 GIP = 26226.20 LAK
22 January 20241 GIP = 26000.20 LAK
23 January 20241 GIP = 26179.90 LAK
24 January 20241 GIP = 26342.60 LAK
25 January 20241 GIP = 26301.10 LAK
26 January 20241 GIP = 26328.20 LAK
29 January 20241 GIP = 26023.50 LAK
30 January 20241 GIP = 26231.00 LAK
31 January 20241 GIP = 26310.80 LAK

01/10/2022: Transition to digital currency

Gibraltar announced the introduction of a digital currency pegged 1:1 to the Gibraltar pound, making it one of the first jurisdictions to do so.

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.

15/08/2019: Commencement of polymer £50 issuance

Polymer £50 banknotes were introduced, replacing the older paper £50 notes.

26/06/2018: New £100 banknote issued

A new £100 banknote featuring the image of Sir Joshua Hassan, first Chief Minister of Gibraltar, was issued.

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.

02/07/1997: Lao kip devalued

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

06/11/1988: Introduction of polymer banknotes

Polymer banknotes were introduced in Gibraltar, enhancing durability and counterfeit resilience.

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.

15/02/1971: Currency tied to British pound

The Gibraltar pound became pegged to the British pound at a rate of 1:1, ensuring stability and ease of trade.

23/06/1969: Currency switch to decimalization

Gibraltar switched from the pound shilling pence system to a decimalized currency, with 100 pence equal to 1 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.

07/03/1927: Introduction of Gibraltar pound

The Gibraltar pound was first introduced as the official currency of Gibraltar, replacing the Spanish peseta.
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