Historic Lao kip Kuwaiti Dinar

Lao kip kuwaiti dinar history for January 2024. The highest quote for this month is 0.000015 (01/01/2024) and the lowest 0.000015 (01/01/2024). The difference between high and low is 0.

LAK KWD average rate for January 2024 is 0.00002, the change between 01/01/2024 and 31/01/2024 is 0 %.

01 January 20241 LAK = 0.0000 KWD
02 January 20241 LAK = 0.0000 KWD
03 January 20241 LAK = 0.0000 KWD
04 January 20241 LAK = 0.0000 KWD
05 January 20241 LAK = 0.0000 KWD
06 January 20241 LAK = 0.0000 KWD
07 January 20241 LAK = 0.0000 KWD
08 January 20241 LAK = 0.0000 KWD
09 January 20241 LAK = 0.0000 KWD
10 January 20241 LAK = 0.0000 KWD
11 January 20241 LAK = 0.0000 KWD
12 January 20241 LAK = 0.0000 KWD
14 January 20241 LAK = 0.0000 KWD
15 January 20241 LAK = 0.0000 KWD
16 January 20241 LAK = 0.0000 KWD
17 January 20241 LAK = 0.0000 KWD
18 January 20241 LAK = 0.0000 KWD
19 January 20241 LAK = 0.0000 KWD
22 January 20241 LAK = 0.0000 KWD
23 January 20241 LAK = 0.0000 KWD
24 January 20241 LAK = 0.0000 KWD
25 January 20241 LAK = 0.0000 KWD
26 January 20241 LAK = 0.0000 KWD
28 January 20241 LAK = 0.0000 KWD
29 January 20241 LAK = 0.0000 KWD
30 January 20241 LAK = 0.0000 KWD
31 January 20241 LAK = 0.0000 KWD

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

02/07/1997: Lao kip devalued

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

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

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 KWD January 2024
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