Historic Lao kip Omani rial

Lao kip omani rial history for February 2024. The highest quote for this month is 0.000019 (01/02/2024) and the lowest 0.000019 (01/02/2024). The difference between high and low is 0.

LAK OMR average rate for February 2024 is 0.00002, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 LAK = 0.0000 OMR
02 February 20241 LAK = 0.0000 OMR
03 February 20241 LAK = 0.0000 OMR
04 February 20241 LAK = 0.0000 OMR
05 February 20241 LAK = 0.0000 OMR
06 February 20241 LAK = 0.0000 OMR
07 February 20241 LAK = 0.0000 OMR
08 February 20241 LAK = 0.0000 OMR
09 February 20241 LAK = 0.0000 OMR
12 February 20241 LAK = 0.0000 OMR
13 February 20241 LAK = 0.0000 OMR
14 February 20241 LAK = 0.0000 OMR
15 February 20241 LAK = 0.0000 OMR
16 February 20241 LAK = 0.0000 OMR
17 February 20241 LAK = 0.0000 OMR
18 February 20241 LAK = 0.0000 OMR
19 February 20241 LAK = 0.0000 OMR
20 February 20241 LAK = 0.0000 OMR
21 February 20241 LAK = 0.0000 OMR
22 February 20241 LAK = 0.0000 OMR
23 February 20241 LAK = 0.0000 OMR
24 February 20241 LAK = 0.0000 OMR
25 February 20241 LAK = 0.0000 OMR
26 February 20241 LAK = 0.0000 OMR
27 February 20241 LAK = 0.0000 OMR
28 February 20241 LAK = 0.0000 OMR
29 February 20241 LAK = 0.0000 OMR

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

02/07/1997: Lao kip devalued

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

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

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.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

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 OMR January 2024
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