Historic Lao kip Brunei dollar

Lao kip brunei dollar history for February 2024. The highest quote for this month is 0.000065 (03/02/2024) and the lowest 0.000065 (04/02/2024). The difference between high and low is 0.

LAK BND average rate for February 2024 is 0.00006, the change between 01/02/2024 and 29/02/2024 is 0 %.

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

01/01/2022: Removal of monarchy symbol

Brunei currency no longer featured the portrait of the Sultan as part of efforts to modernize the banknotes.

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.

21/07/2017: Commencement of New Series Polymer Banknotes

New series of polymer banknotes with modern designs entered circulation.

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.

05/05/2013: Upgrade of polymer banknotes

Introduction of new polymer banknotes with enhanced security features.

01/07/2011: Introduction of Brunei-Indonesia Currency Agreement

Brunei dollar became interchangeable with Indonesian rupiah in specified regions.

02/07/1997: Lao kip devalued

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

18/03/1996: Change in currency regime

Brunei dollar became fully backed by foreign exchange reserves instead of gold.

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.

12/06/1973: Establishment of Brunei Currency Board

Currency Board assumed responsibility for the issuance and management of Brunei dollar.

27/07/1967: Introduction of Brunei and Singapore Currency Interchangeability Agreement

Brunei and Singapore dollars became interchangeable at par.

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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