Historic Lao kip Burundian Franc

Lao kip burundian franc history for January 2024. The highest quote for this month is 0.139 (01/01/2024) and the lowest 0.139 (01/01/2024). The difference between high and low is 0.

LAK BIF average rate for January 2024 is 0.13783, the change between 01/01/2024 and 31/01/2024 is +1.28 %.

01 January 20241 LAK = 0.1390 BIF
02 January 20241 LAK = 0.1390 BIF
03 January 20241 LAK = 0.1381 BIF
04 January 20241 LAK = 0.1381 BIF
05 January 20241 LAK = 0.1375 BIF
06 January 20241 LAK = 0.1377 BIF
07 January 20241 LAK = 0.1377 BIF
08 January 20241 LAK = 0.1386 BIF
09 January 20241 LAK = 0.1377 BIF
10 January 20241 LAK = 0.1386 BIF
11 January 20241 LAK = 0.1376 BIF
12 January 20241 LAK = 0.1377 BIF
14 January 20241 LAK = 0.1377 BIF
15 January 20241 LAK = 0.1385 BIF
16 January 20241 LAK = 0.1384 BIF
17 January 20241 LAK = 0.1385 BIF
18 January 20241 LAK = 0.1374 BIF
19 January 20241 LAK = 0.1374 BIF
22 January 20241 LAK = 0.1382 BIF
23 January 20241 LAK = 0.1373 BIF
24 January 20241 LAK = 0.1372 BIF
25 January 20241 LAK = 0.1372 BIF
26 January 20241 LAK = 0.1373 BIF
28 January 20241 LAK = 0.1371 BIF
29 January 20241 LAK = 0.1379 BIF
30 January 20241 LAK = 0.1372 BIF
31 January 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.
LAK BIF January 2024
LAK BIF February 2024
LAK BIF March 2024
LAK BIF April 2024
LAK BIF May 2024
LAK BIF June 2024
LAK BIF July 2024
LAK BIF August 2024
LAK BIF September 2024
LAK BIF October 2024
LAK BIF November 2024
LAK BIF December 2024
LAK BIF January 2025