Lao kip indian rupee exchange rate history (LAK INR) December 2023

Lao kip indian rupee history for December 2023. The highest quote for this month is 0.004093 (22/12/2023) and the lowest 0.004113 (28/12/2023). The difference between high and low is -0.49.

LAK INR average rate for December 2023 is 0.00405, the change between 01/12/2023 and 31/12/2023 is +1.47 %.

01 December 2023	1 LAK = 0.0041 INR
02 December 2023	1 LAK = 0.0040 INR
03 December 2023	1 LAK = 0.0040 INR
04 December 2023	1 LAK = 0.0041 INR
05 December 2023	1 LAK = 0.0040 INR
06 December 2023	1 LAK = 0.0040 INR
07 December 2023	1 LAK = 0.0041 INR
08 December 2023	1 LAK = 0.0040 INR
10 December 2023	1 LAK = 0.0040 INR
11 December 2023	1 LAK = 0.0041 INR
12 December 2023	1 LAK = 0.0040 INR
13 December 2023	1 LAK = 0.0041 INR
14 December 2023	1 LAK = 0.0040 INR
15 December 2023	1 LAK = 0.0040 INR
16 December 2023	1 LAK = 0.0040 INR
17 December 2023	1 LAK = 0.0040 INR
18 December 2023	1 LAK = 0.0041 INR
19 December 2023	1 LAK = 0.0041 INR
20 December 2023	1 LAK = 0.0041 INR
21 December 2023	1 LAK = 0.0041 INR
22 December 2023	1 LAK = 0.0040 INR
23 December 2023	1 LAK = 0.0040 INR
24 December 2023	1 LAK = 0.0040 INR
25 December 2023	1 LAK = 0.0041 INR
26 December 2023	1 LAK = 0.0041 INR
27 December 2023	1 LAK = 0.0041 INR
28 December 2023	1 LAK = 0.0040 INR
29 December 2023	1 LAK = 0.0040 INR

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.

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

02/07/1997: Lao kip devalued

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

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

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.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

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.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.

Historic Lao kip Indian Rupee