Historic Lao kip Arab Emirates Dirham

Lao kip arab emirates dirham history for February 2024. The highest quote for this month is 0.000178 (13/02/2024) and the lowest 0.00018 (02/02/2024). The difference between high and low is -1.12.

LAK AED average rate for February 2024 is 0.00018, the change between 01/02/2024 and 29/02/2024 is 0 %.

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

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

02/07/1997: Lao kip devalued

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

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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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