Historic Lao kip Burundian Franc

Lao kip burundian franc history for February 2024. The highest quote for this month is 0.1377 (05/02/2024) and the lowest 0.1377 (02/02/2024). The difference between high and low is 0.

LAK BIF average rate for February 2024 is 0.13674, the change between 01/02/2024 and 29/02/2024 is -0.1 %.

01 February 20241 LAK = 0.1370 BIF
02 February 20241 LAK = 0.1368 BIF
03 February 20241 LAK = 0.1369 BIF
04 February 20241 LAK = 0.1369 BIF
05 February 20241 LAK = 0.1377 BIF
06 February 20241 LAK = 0.1374 BIF
07 February 20241 LAK = 0.1366 BIF
08 February 20241 LAK = 0.1365 BIF
09 February 20241 LAK = 0.1363 BIF
12 February 20241 LAK = 0.1373 BIF
13 February 20241 LAK = 0.1366 BIF
14 February 20241 LAK = 0.1364 BIF
15 February 20241 LAK = 0.1363 BIF
16 February 20241 LAK = 0.1364 BIF
17 February 20241 LAK = 0.1364 BIF
18 February 20241 LAK = 0.1364 BIF
19 February 20241 LAK = 0.1372 BIF
20 February 20241 LAK = 0.1372 BIF
21 February 20241 LAK = 0.1365 BIF
22 February 20241 LAK = 0.1364 BIF
23 February 20241 LAK = 0.1364 BIF
24 February 20241 LAK = 0.1364 BIF
25 February 20241 LAK = 0.1364 BIF
26 February 20241 LAK = 0.1372 BIF
27 February 20241 LAK = 0.1365 BIF
28 February 20241 LAK = 0.1365 BIF
29 February 20241 LAK = 0.1372 BIF

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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within 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.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

02/07/1997: Lao kip devalued

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

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.

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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