Historic Nicaraguan córdoba Lao kip

Nicaraguan córdoba lao kip history for February 2024. The highest quote for this month is 572.15 (26/02/2024) and the lowest 569.29 (07/02/2024). The difference between high and low is 0.5.

NIO LAK average rate for February 2024 is 568.30148, the change between 01/02/2024 and 29/02/2024 is -0.33 %.

01 February 20241 NIO = 566.0 LAK
02 February 20241 NIO = 567.5 LAK
03 February 20241 NIO = 566.1 LAK
04 February 20241 NIO = 566.1 LAK
05 February 20241 NIO = 567.4 LAK
06 February 20241 NIO = 568.6 LAK
07 February 20241 NIO = 569.2 LAK
08 February 20241 NIO = 568.8 LAK
09 February 20241 NIO = 568.9 LAK
12 February 20241 NIO = 566.8 LAK
13 February 20241 NIO = 569.6 LAK
14 February 20241 NIO = 569.4 LAK
15 February 20241 NIO = 569.4 LAK
16 February 20241 NIO = 569.9 LAK
17 February 20241 NIO = 568.5 LAK
18 February 20241 NIO = 568.5 LAK
19 February 20241 NIO = 567.5 LAK
20 February 20241 NIO = 567.4 LAK
21 February 20241 NIO = 569.1 LAK
22 February 20241 NIO = 568.6 LAK
23 February 20241 NIO = 567.9 LAK
24 February 20241 NIO = 568.8 LAK
25 February 20241 NIO = 568.8 LAK
26 February 20241 NIO = 567.8 LAK
27 February 20241 NIO = 570.1 LAK
28 February 20241 NIO = 569.7 LAK
29 February 20241 NIO = 567.8 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.

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.

20/11/2009: Resumption of issuing Córdoba coins

The Central Bank resumed issuing córdoba coins, reintroducing denominations of 10, 25, and 50 centavos, and 1 córdoba.

01/01/2001: Dollarization

Nicaragua adopted the US dollar as its official currency, effectively ending the era of the Nicaraguan córdoba as the national currency.

02/07/1997: Lao kip devalued

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

04/07/1991: Currency control and unification

The government implemented currency control measures, unifying the exchange rate at 5 córdobas oro per US dollar.

25/04/1991: Córdoba Oro becomes legal tender

The Córdoba Oro was declared as the only legal tender in Nicaragua, replacing the old cordoba.

01/02/1988: Introduction of the Córdoba Oro Currencies

The government introduced the Córdoba Oro as a new currency, replacing the previous currency, with an initial rate of 1 córdoba oro = 1,000 córdobas.

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.

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.

01/03/1932: Córdoba de Oro established

The Córdoba de Oro was introduced, replacing the previous córdoba at a rate of 10,000 to 1.

20/10/1912: Introduction of the Nicaraguan córdoba

The Nicaraguan córdoba was introduced as the official currency of Nicaragua, replacing the peso at a rate of 12.5 córdobas per US dollar.
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