Historic Lao kip Bolivian boliviano

Lao kip bolivian boliviano history for January 2024. The highest quote for this month is 0.000333 (06/01/2024) and the lowest 0.000333 (06/01/2024). The difference between high and low is 0.

LAK BOB average rate for January 2024 is 0.00033, the change between 01/01/2024 and 31/01/2024 is +1.81 %.

01 January 20241 LAK = 0.0003 BOB
02 January 20241 LAK = 0.0003 BOB
03 January 20241 LAK = 0.0003 BOB
04 January 20241 LAK = 0.0003 BOB
05 January 20241 LAK = 0.0003 BOB
06 January 20241 LAK = 0.0003 BOB
07 January 20241 LAK = 0.0003 BOB
08 January 20241 LAK = 0.0003 BOB
09 January 20241 LAK = 0.0003 BOB
10 January 20241 LAK = 0.0003 BOB
11 January 20241 LAK = 0.0003 BOB
12 January 20241 LAK = 0.0003 BOB
14 January 20241 LAK = 0.0003 BOB
15 January 20241 LAK = 0.0003 BOB
16 January 20241 LAK = 0.0003 BOB
17 January 20241 LAK = 0.0003 BOB
18 January 20241 LAK = 0.0003 BOB
19 January 20241 LAK = 0.0003 BOB
22 January 20241 LAK = 0.0003 BOB
23 January 20241 LAK = 0.0003 BOB
24 January 20241 LAK = 0.0003 BOB
25 January 20241 LAK = 0.0003 BOB
26 January 20241 LAK = 0.0003 BOB
28 January 20241 LAK = 0.0003 BOB
29 January 20241 LAK = 0.0003 BOB
30 January 20241 LAK = 0.0003 BOB
31 January 20241 LAK = 0.0003 BOB

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.

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.

31/12/2004: Return to the boliviano

Bolivia ended the dollarization period and officially reintroduced the boliviano as the sole legal tender of the country.

31/12/2003: Dollarization crisis

Bolivia experienced a financial crisis, leading to the temporary dollarization of the economy and the use of the US dollar as legal tender.

02/07/1997: Lao kip devalued

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

31/03/1988: Bolivianoization

Bolivianoization was implemented, requiring all contracts and transactions to be conducted in bolivianos instead of foreign currencies.

28/02/1987: Introduction of the second boliviano

A new boliviano, known as the second boliviano (Boliviano de Segunda), was introduced to replace the heavily devalued first boliviano.

31/01/1986: Hyperinflation crisis

Bolivia experienced a severe hyperinflation crisis, leading to the devaluation of the boliviano.

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.

31/12/1962: Monetary reform

The boliviano underwent a monetary reform, with new banknotes and coins being issued.

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.

31/12/1891: Introduction of Bolivian boliviano

The boliviano was introduced as the official currency of Bolivia, replacing the Bolivian peso.
LAK BOB August 2023
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LAK BOB January 2024
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