Iranian Rial lao kip exchange rate history (IRR LAK) August 2023

Iranian Rial lao kip history for August 2023. The highest quote for this month is 0.46229 (25/08/2023) and the lowest 0.46152 (29/08/2023). The difference between high and low is 0.17.

IRR LAK average rate for August 2023 is 0.45758, the change between 01/08/2023 and 31/08/2023 is -2.01 %.

01 August 2023	1 IRR = 0.4530 LAK
02 August 2023	1 IRR = 0.4524 LAK
03 August 2023	1 IRR = 0.4565 LAK
04 August 2023	1 IRR = 0.4533 LAK
07 August 2023	1 IRR = 0.4541 LAK
08 August 2023	1 IRR = 0.4565 LAK
09 August 2023	1 IRR = 0.4567 LAK
10 August 2023	1 IRR = 0.4571 LAK
11 August 2023	1 IRR = 0.4571 LAK
12 August 2023	1 IRR = 0.4613 LAK
14 August 2023	1 IRR = 0.4588 LAK
15 August 2023	1 IRR = 0.4545 LAK
16 August 2023	1 IRR = 0.4550 LAK
17 August 2023	1 IRR = 0.4564 LAK
18 August 2023	1 IRR = 0.4574 LAK
19 August 2023	1 IRR = 0.4572 LAK
20 August 2023	1 IRR = 0.4572 LAK
21 August 2023	1 IRR = 0.4575 LAK
22 August 2023	1 IRR = 0.4595 LAK
23 August 2023	1 IRR = 0.4594 LAK
24 August 2023	1 IRR = 0.4591 LAK
25 August 2023	1 IRR = 0.4604 LAK
28 August 2023	1 IRR = 0.4615 LAK
29 August 2023	1 IRR = 0.4618 LAK
30 August 2023	1 IRR = 0.4614 LAK
31 August 2023	1 IRR = 0.4621 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.

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

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.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

02/07/1997: Lao kip devalued

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

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

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.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

Historic Iranian Rial Lao kip