Iraqi dinar lao kip exchange rate history (IQD LAK) October 2023

Iraqi dinar lao kip history for October 2023. The highest quote for this month is 16.124 (30/10/2023) and the lowest 15.989 (26/10/2023). The difference between high and low is 0.84.

IQD LAK average rate for October 2023 is 15.76033, the change between 01/10/2023 and 31/10/2023 is -2.12 %.

01 October 2023	1 IQD = 15.50 LAK
02 October 2023	1 IQD = 15.73 LAK
03 October 2023	1 IQD = 15.53 LAK
04 October 2023	1 IQD = 15.56 LAK
05 October 2023	1 IQD = 15.62 LAK
06 October 2023	1 IQD = 15.81 LAK
07 October 2023	1 IQD = 15.63 LAK
09 October 2023	1 IQD = 15.81 LAK
10 October 2023	1 IQD = 15.81 LAK
11 October 2023	1 IQD = 15.65 LAK
12 October 2023	1 IQD = 15.65 LAK
13 October 2023	1 IQD = 15.66 LAK
16 October 2023	1 IQD = 15.93 LAK
17 October 2023	1 IQD = 15.78 LAK
18 October 2023	1 IQD = 15.78 LAK
19 October 2023	1 IQD = 15.93 LAK
20 October 2023	1 IQD = 15.80 LAK
21 October 2023	1 IQD = 15.79 LAK
22 October 2023	1 IQD = 15.79 LAK
23 October 2023	1 IQD = 15.97 LAK
24 October 2023	1 IQD = 15.82 LAK
25 October 2023	1 IQD = 15.80 LAK
26 October 2023	1 IQD = 15.79 LAK
27 October 2023	1 IQD = 15.79 LAK
29 October 2023	1 IQD = 15.82 LAK
30 October 2023	1 IQD = 15.99 LAK
31 October 2023	1 IQD = 15.83 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.

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

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.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

02/07/1997: Lao kip devalued

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

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

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.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.

Historic Iraqi dinar Lao kip