Historic Lao kip Cuban peso

Lao kip cuban peso history for January 2024. The highest quote for this month is 0.00118 (01/01/2024) and the lowest 0.00118 (01/01/2024). The difference between high and low is 0.

LAK CUP average rate for January 2024 is 0.00117, the change between 01/01/2024 and 31/01/2024 is +1.78 %.

01 January 20241 LAK = 0.0012 CUP
02 January 20241 LAK = 0.0012 CUP
03 January 20241 LAK = 0.0012 CUP
04 January 20241 LAK = 0.0012 CUP
05 January 20241 LAK = 0.0012 CUP
06 January 20241 LAK = 0.0012 CUP
07 January 20241 LAK = 0.0012 CUP
08 January 20241 LAK = 0.0012 CUP
09 January 20241 LAK = 0.0012 CUP
10 January 20241 LAK = 0.0012 CUP
11 January 20241 LAK = 0.0012 CUP
12 January 20241 LAK = 0.0012 CUP
14 January 20241 LAK = 0.0012 CUP
15 January 20241 LAK = 0.0012 CUP
16 January 20241 LAK = 0.0012 CUP
17 January 20241 LAK = 0.0012 CUP
18 January 20241 LAK = 0.0012 CUP
19 January 20241 LAK = 0.0012 CUP
22 January 20241 LAK = 0.0012 CUP
23 January 20241 LAK = 0.0012 CUP
24 January 20241 LAK = 0.0012 CUP
25 January 20241 LAK = 0.0012 CUP
26 January 20241 LAK = 0.0012 CUP
28 January 20241 LAK = 0.0012 CUP
29 January 20241 LAK = 0.0012 CUP
30 January 20241 LAK = 0.0012 CUP
31 January 20241 LAK = 0.0012 CUP

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.

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

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.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

02/07/1997: Lao kip devalued

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

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

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 CUP July 2023
LAK CUP August 2023
LAK CUP September 2023
LAK CUP October 2023
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LAK CUP December 2023
LAK CUP January 2024
LAK CUP February 2024
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LAK CUP July 2024