Historic Lao kip Saudi riyal

Lao kip saudi riyal history for January 2024. The highest quote for this month is 0.000184 (01/01/2024) and the lowest 0.000184 (01/01/2024). The difference between high and low is 0.

LAK SAR average rate for January 2024 is 0.00018, the change between 01/01/2024 and 31/01/2024 is +1.63 %.

01 January 20241 LAK = 0.0002 SAR
02 January 20241 LAK = 0.0002 SAR
03 January 20241 LAK = 0.0002 SAR
04 January 20241 LAK = 0.0002 SAR
05 January 20241 LAK = 0.0002 SAR
06 January 20241 LAK = 0.0002 SAR
07 January 20241 LAK = 0.0002 SAR
08 January 20241 LAK = 0.0002 SAR
09 January 20241 LAK = 0.0002 SAR
10 January 20241 LAK = 0.0002 SAR
11 January 20241 LAK = 0.0002 SAR
12 January 20241 LAK = 0.0002 SAR
14 January 20241 LAK = 0.0002 SAR
15 January 20241 LAK = 0.0002 SAR
16 January 20241 LAK = 0.0002 SAR
17 January 20241 LAK = 0.0002 SAR
18 January 20241 LAK = 0.0002 SAR
19 January 20241 LAK = 0.0002 SAR
22 January 20241 LAK = 0.0002 SAR
23 January 20241 LAK = 0.0002 SAR
24 January 20241 LAK = 0.0002 SAR
25 January 20241 LAK = 0.0002 SAR
26 January 20241 LAK = 0.0002 SAR
28 January 20241 LAK = 0.0002 SAR
29 January 20241 LAK = 0.0002 SAR
30 January 20241 LAK = 0.0002 SAR
31 January 20241 LAK = 0.0002 SAR

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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

02/07/1997: Lao kip devalued

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

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

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.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
LAK SAR July 2023
LAK SAR August 2023
LAK SAR September 2023
LAK SAR October 2023
LAK SAR November 2023
LAK SAR December 2023
LAK SAR January 2024
LAK SAR February 2024
LAK SAR March 2024
LAK SAR April 2024
LAK SAR May 2024
LAK SAR June 2024
LAK SAR July 2024