Historic Lao kip Costa Rican colón

Lao kip costa rican colón history for February 2024. The highest quote for this month is 0.024806 (03/02/2024) and the lowest 0.024744 (03/02/2024). The difference between high and low is 0.25.

LAK CRC average rate for February 2024 is 0.02434, the change between 01/02/2024 and 29/02/2024 is -0.63 %.

01 February 20241 LAK = 0.0241 CRC
02 February 20241 LAK = 0.0241 CRC
03 February 20241 LAK = 0.0247 CRC
04 February 20241 LAK = 0.0247 CRC
05 February 20241 LAK = 0.0245 CRC
06 February 20241 LAK = 0.0245 CRC
07 February 20241 LAK = 0.0243 CRC
08 February 20241 LAK = 0.0242 CRC
09 February 20241 LAK = 0.0243 CRC
12 February 20241 LAK = 0.0245 CRC
13 February 20241 LAK = 0.0242 CRC
14 February 20241 LAK = 0.0242 CRC
15 February 20241 LAK = 0.0242 CRC
16 February 20241 LAK = 0.0242 CRC
17 February 20241 LAK = 0.0247 CRC
18 February 20241 LAK = 0.0247 CRC
19 February 20241 LAK = 0.0244 CRC
20 February 20241 LAK = 0.0243 CRC
21 February 20241 LAK = 0.0241 CRC
22 February 20241 LAK = 0.0240 CRC
23 February 20241 LAK = 0.0241 CRC
24 February 20241 LAK = 0.0246 CRC
25 February 20241 LAK = 0.0246 CRC
26 February 20241 LAK = 0.0243 CRC
27 February 20241 LAK = 0.0241 CRC
28 February 20241 LAK = 0.0241 CRC
29 February 20241 LAK = 0.0243 CRC

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

02/07/1997: Lao kip devalued

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

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

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.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

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.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
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