Historic Lao kip Qatari Rial

Lao kip qatari rial history for February 2024. The highest quote for this month is 0.000177 (13/02/2024) and the lowest 0.000178 (02/02/2024). The difference between high and low is -0.56.

LAK QAR average rate for February 2024 is 0.00018, the change between 01/02/2024 and 29/02/2024 is -0.57 %.

01 February 20241 LAK = 0.0002 QAR
02 February 20241 LAK = 0.0002 QAR
03 February 20241 LAK = 0.0002 QAR
04 February 20241 LAK = 0.0002 QAR
05 February 20241 LAK = 0.0002 QAR
06 February 20241 LAK = 0.0002 QAR
07 February 20241 LAK = 0.0002 QAR
08 February 20241 LAK = 0.0002 QAR
09 February 20241 LAK = 0.0002 QAR
12 February 20241 LAK = 0.0002 QAR
13 February 20241 LAK = 0.0002 QAR
14 February 20241 LAK = 0.0002 QAR
15 February 20241 LAK = 0.0002 QAR
16 February 20241 LAK = 0.0002 QAR
17 February 20241 LAK = 0.0002 QAR
18 February 20241 LAK = 0.0002 QAR
19 February 20241 LAK = 0.0002 QAR
20 February 20241 LAK = 0.0002 QAR
21 February 20241 LAK = 0.0002 QAR
22 February 20241 LAK = 0.0002 QAR
23 February 20241 LAK = 0.0002 QAR
24 February 20241 LAK = 0.0002 QAR
25 February 20241 LAK = 0.0002 QAR
26 February 20241 LAK = 0.0002 QAR
27 February 20241 LAK = 0.0002 QAR
28 February 20241 LAK = 0.0002 QAR
29 February 20241 LAK = 0.0002 QAR

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.

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

02/07/1997: Lao kip devalued

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

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 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.
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