Historic Lao kip Aruban florin

Lao kip aruban florin history for February 2024. The highest quote for this month is 0.000087 (01/02/2024) and the lowest 0.000088 (02/02/2024). The difference between high and low is -1.15.

LAK AWG average rate for February 2024 is 0.00009, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 LAK = 0.0001 AWG
02 February 20241 LAK = 0.0001 AWG
03 February 20241 LAK = 0.0001 AWG
04 February 20241 LAK = 0.0001 AWG
05 February 20241 LAK = 0.0001 AWG
06 February 20241 LAK = 0.0001 AWG
07 February 20241 LAK = 0.0001 AWG
08 February 20241 LAK = 0.0001 AWG
09 February 20241 LAK = 0.0001 AWG
12 February 20241 LAK = 0.0001 AWG
13 February 20241 LAK = 0.0001 AWG
14 February 20241 LAK = 0.0001 AWG
15 February 20241 LAK = 0.0001 AWG
16 February 20241 LAK = 0.0001 AWG
19 February 20241 LAK = 0.0001 AWG
20 February 20241 LAK = 0.0001 AWG
21 February 20241 LAK = 0.0001 AWG
22 February 20241 LAK = 0.0001 AWG
23 February 20241 LAK = 0.0001 AWG
24 February 20241 LAK = 0.0001 AWG
25 February 20241 LAK = 0.0001 AWG
26 February 20241 LAK = 0.0001 AWG
27 February 20241 LAK = 0.0001 AWG
28 February 20241 LAK = 0.0001 AWG
29 February 20241 LAK = 0.0001 AWG

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.

01/03/2018: Redenomination of the Aruban florin

Aruba redenominated its currency, replacing 1,000 florins with 1 florin, simplifying transactions and reducing the size of banknotes.

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.

01/01/2011: Introduction of polymer banknotes

Aruba introduced polymer banknotes, made from a durable and secure polymer substrate, to enhance the durability and security of its currency.

01/01/2003: Replacement of older banknotes

Older series of banknotes were phased out and replaced by newer and more secure banknotes featuring enhanced anti-counterfeiting measures.

01/01/2000: Adoption of new currency symbol

The Aruban florin adopted a new symbol, ƒ, to distinguish itself from other currencies.

02/07/1997: Lao kip devalued

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

01/01/1993: Currency reform

A currency reform took place in Aruba, with the introduction of a new series of banknotes and the demonetization of certain older banknotes.

01/01/1990: Introduction of the guilders coins

Aruba introduced its own series of coins denominated in guilders, featuring unique designs and symbols reflective of Aruban culture.

01/01/1986: Introduction of the Aruban florin

The Aruban florin was established as the official currency of Aruba, replacing the Dutch guilder at a fixed rate of 1.79 florin to 1 guilder.

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.
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