Historic Maldivian rufiyaa Lao kip

Maldivian rufiyaa lao kip history for December 2023. The highest quote for this month is 1361.18 (07/12/2023) and the lowest 1353.95 (26/12/2023). The difference between high and low is 0.53.

MVR LAK average rate for December 2023 is 1345.59893, the change between 01/12/2023 and 31/12/2023 is -0.03 %.

01 December 20231 MVR = 1345.63 LAK
02 December 20231 MVR = 1341.44 LAK
03 December 20231 MVR = 1341.44 LAK
04 December 20231 MVR = 1345.32 LAK
05 December 20231 MVR = 1357.52 LAK
06 December 20231 MVR = 1358.97 LAK
07 December 20231 MVR = 1350.01 LAK
08 December 20231 MVR = 1359.63 LAK
10 December 20231 MVR = 1343.06 LAK
11 December 20231 MVR = 1350.41 LAK
12 December 20231 MVR = 1359.16 LAK
13 December 20231 MVR = 1346.27 LAK
14 December 20231 MVR = 1353.08 LAK
15 December 20231 MVR = 1352.13 LAK
16 December 20231 MVR = 1333.20 LAK
17 December 20231 MVR = 1333.20 LAK
18 December 20231 MVR = 1341.05 LAK
19 December 20231 MVR = 1336.37 LAK
20 December 20231 MVR = 1342.62 LAK
21 December 20231 MVR = 1347.54 LAK
22 December 20231 MVR = 1349.51 LAK
23 December 20231 MVR = 1332.68 LAK
24 December 20231 MVR = 1332.68 LAK
25 December 20231 MVR = 1339.36 LAK
26 December 20231 MVR = 1340.26 LAK
27 December 20231 MVR = 1345.90 LAK
28 December 20231 MVR = 1352.30 LAK
29 December 20231 MVR = 1346.03 LAK

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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

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.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

02/07/1997: Lao kip devalued

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

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

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.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.

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.