Lao kip romanian leu exchange rate history (LAK RON) October 2023

Lao kip romanian leu history for October 2023. The highest quote for this month is 0.000234 (02/10/2023) and the lowest 0.000234 (03/10/2023). The difference between high and low is 0.

LAK RON average rate for October 2023 is 0.00023, the change between 01/10/2023 and 31/10/2023 is +2.59 %.

01 October 2023	1 LAK = 0.0002 RON
02 October 2023	1 LAK = 0.0002 RON
03 October 2023	1 LAK = 0.0002 RON
04 October 2023	1 LAK = 0.0002 RON
05 October 2023	1 LAK = 0.0002 RON
06 October 2023	1 LAK = 0.0002 RON
09 October 2023	1 LAK = 0.0002 RON
10 October 2023	1 LAK = 0.0002 RON
11 October 2023	1 LAK = 0.0002 RON
12 October 2023	1 LAK = 0.0002 RON
13 October 2023	1 LAK = 0.0002 RON
16 October 2023	1 LAK = 0.0002 RON
17 October 2023	1 LAK = 0.0002 RON
18 October 2023	1 LAK = 0.0002 RON
19 October 2023	1 LAK = 0.0002 RON
20 October 2023	1 LAK = 0.0002 RON
21 October 2023	1 LAK = 0.0002 RON
22 October 2023	1 LAK = 0.0002 RON
23 October 2023	1 LAK = 0.0002 RON
24 October 2023	1 LAK = 0.0002 RON
25 October 2023	1 LAK = 0.0002 RON
26 October 2023	1 LAK = 0.0002 RON
27 October 2023	1 LAK = 0.0002 RON
29 October 2023	1 LAK = 0.0002 RON
30 October 2023	1 LAK = 0.0002 RON
31 October 2023	1 LAK = 0.0002 RON

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.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national 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.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

02/07/1997: Lao kip devalued

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

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

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.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

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.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.

Historic Lao kip Romanian leu