Historic Lao kip Mauritian Rupee

Lao kip mauritian rupee history for February 2024. The highest quote for this month is 0.002245 (17/02/2024) and the lowest 0.002245 (17/02/2024). The difference between high and low is 0.

LAK MUR average rate for February 2024 is 0.00217, the change between 01/02/2024 and 29/02/2024 is +0.09 %.

01 February 20241 LAK = 0.0021 MUR
02 February 20241 LAK = 0.0021 MUR
03 February 20241 LAK = 0.0022 MUR
04 February 20241 LAK = 0.0022 MUR
05 February 20241 LAK = 0.0022 MUR
06 February 20241 LAK = 0.0022 MUR
07 February 20241 LAK = 0.0022 MUR
08 February 20241 LAK = 0.0021 MUR
09 February 20241 LAK = 0.0022 MUR
12 February 20241 LAK = 0.0022 MUR
13 February 20241 LAK = 0.0021 MUR
14 February 20241 LAK = 0.0022 MUR
15 February 20241 LAK = 0.0022 MUR
16 February 20241 LAK = 0.0021 MUR
17 February 20241 LAK = 0.0022 MUR
18 February 20241 LAK = 0.0022 MUR
19 February 20241 LAK = 0.0023 MUR
20 February 20241 LAK = 0.0022 MUR
21 February 20241 LAK = 0.0022 MUR
22 February 20241 LAK = 0.0021 MUR
23 February 20241 LAK = 0.0022 MUR
24 February 20241 LAK = 0.0022 MUR
25 February 20241 LAK = 0.0022 MUR
26 February 20241 LAK = 0.0022 MUR
27 February 20241 LAK = 0.0021 MUR
28 February 20241 LAK = 0.0021 MUR
29 February 20241 LAK = 0.0021 MUR

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.

15/02/2013: Launch of New MUR Banknotes

New series of Mauritian Rupee banknotes were launched, featuring enhanced security features and updated designs, reflecting the rich cultural heritage of Mauritius.

08/09/2007: Currency Reform and New Coinage System

A currency reform was implemented, introducing new coins denominated in cents, with the aim of streamlining and modernizing the monetary system.

03/08/1999: Establishment of Bank of Mauritius

Bank of Mauritius Act was enacted, establishing the central bank responsible for the formulation and implementation of monetary policy in the country.

02/07/1997: Lao kip devalued

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

01/07/1994: Conversion to Decimal Currency System

Mauritian Rupee adopted the decimal currency system, replacing the previous pound-based system, with 1 Rupee consisting of 100 cents.

01/07/1992: Introduction of Polymer Banknotes

Polymer-based banknotes were introduced in Mauritius, replacing the traditional paper notes, to improve durability and security against counterfeiting.

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.

01/10/1979: Decentralization of Currency Printing

Printing of Mauritian Rupee banknotes was decentralized from the Bank of England to Mauritius, leading to enhanced national monetary control.

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.

12/06/1967: Introduction of Mauritian Rupee

Mauritian Rupee was introduced as the official currency replacing the Mauritian Pound, with an initial exchange rate of 1 Rupee to 10 Shillings.

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.
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