Historic Lao kip Panamanian Balboa

Lao kip panamanian balboa history for January 2024. The highest quote for this month is 0.000049 (06/01/2024) and the lowest 0.000049 (06/01/2024). The difference between high and low is 0.

LAK PAB average rate for January 2024 is 0.00005, the change between 01/01/2024 and 31/01/2024 is +2.08 %.

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

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

02/07/1997: Lao kip devalued

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

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent 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.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
LAK PAB July 2023
LAK PAB August 2023
LAK PAB September 2023
LAK PAB October 2023
LAK PAB November 2023
LAK PAB December 2023
LAK PAB January 2024
LAK PAB February 2024
LAK PAB March 2024
LAK PAB April 2024
LAK PAB May 2024
LAK PAB June 2024
LAK PAB July 2024