Lao kip liberian dollar exchange rate history (LAK LRD) October 2023

Lao kip liberian dollar history for October 2023. The highest quote for this month is 0.009171 (02/10/2023) and the lowest 0.009215 (02/10/2023). The difference between high and low is -0.48.

LAK LRD average rate for October 2023 is 0.00908, the change between 01/10/2023 and 31/10/2023 is +1.84 %.

01 October 2023	1 LAK = 0.0092 LRD
02 October 2023	1 LAK = 0.0092 LRD
03 October 2023	1 LAK = 0.0091 LRD
04 October 2023	1 LAK = 0.0091 LRD
05 October 2023	1 LAK = 0.0091 LRD
06 October 2023	1 LAK = 0.0092 LRD
07 October 2023	1 LAK = 0.0091 LRD
09 October 2023	1 LAK = 0.0092 LRD
10 October 2023	1 LAK = 0.0092 LRD
11 October 2023	1 LAK = 0.0091 LRD
12 October 2023	1 LAK = 0.0091 LRD
13 October 2023	1 LAK = 0.0091 LRD
16 October 2023	1 LAK = 0.0091 LRD
17 October 2023	1 LAK = 0.0090 LRD
18 October 2023	1 LAK = 0.0090 LRD
19 October 2023	1 LAK = 0.0091 LRD
20 October 2023	1 LAK = 0.0090 LRD
21 October 2023	1 LAK = 0.0090 LRD
23 October 2023	1 LAK = 0.0091 LRD
24 October 2023	1 LAK = 0.0090 LRD
25 October 2023	1 LAK = 0.0090 LRD
26 October 2023	1 LAK = 0.0090 LRD
27 October 2023	1 LAK = 0.0090 LRD
29 October 2023	1 LAK = 0.0090 LRD
30 October 2023	1 LAK = 0.0091 LRD
31 October 2023	1 LAK = 0.0090 LRD

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.

29/06/2020: Introduction of New Banknotes

Liberia introduces new banknotes with enhanced security features to combat counterfeiting and improve confidence in the currency.

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.

14/10/2000: ECOWAS Intervention

ECOWAS forces intervene in Liberia, leading to improved stability and gradual recovery of the Liberian dollar.

19/07/1997: Liberian Dollar Depreciation

The Liberian dollar experiences a significant depreciation due to economic mismanagement and the aftermath of the civil war.

02/07/1997: Lao kip devalued

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

26/01/1982: Liberian Civil War Begins

The Liberian civil war begins, leading to significant economic instability and devaluation of the Liberian dollar.

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.

01/01/1952: 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.

23/03/1907: Liberian Dollar Pegged to US Dollar

The Liberian dollar is pegged to the U.S. dollar at a ratio of 2:1, maintaining a fixed exchange rate for many years.

10/07/1849: Introduction of Liberian Dollar

The Liberian dollar is introduced as the official currency of Liberia, replacing the use of foreign currencies in the country.

26/07/1847: Liberian Independence

Liberia declares independence from the American Colonization Society, establishing the first republic in Africa.

Historic Lao kip Liberian dollar