Omani rial lao kip exchange rate history (OMR LAK) December 2023

Omani rial lao kip history for December 2023. The highest quote for this month is 53906.3 (12/12/2023) and the lowest 55021.7 (11/12/2023). The difference between high and low is -2.07.

OMR LAK average rate for December 2023 is 53606.16071, the change between 01/12/2023 and 31/12/2023 is -0.23 %.

01 December 2023	1 OMR = 53316.90 LAK
02 December 2023	1 OMR = 53741.20 LAK
03 December 2023	1 OMR = 53741.20 LAK
04 December 2023	1 OMR = 55012.40 LAK
05 December 2023	1 OMR = 53896.90 LAK
06 December 2023	1 OMR = 53884.40 LAK
07 December 2023	1 OMR = 53493.60 LAK
08 December 2023	1 OMR = 53912.20 LAK
10 December 2023	1 OMR = 53806.20 LAK
11 December 2023	1 OMR = 53453.80 LAK
12 December 2023	1 OMR = 53907.70 LAK
13 December 2023	1 OMR = 53456.40 LAK
14 December 2023	1 OMR = 53903.30 LAK
15 December 2023	1 OMR = 53766.00 LAK
16 December 2023	1 OMR = 53411.30 LAK
17 December 2023	1 OMR = 53411.30 LAK
18 December 2023	1 OMR = 53264.70 LAK
19 December 2023	1 OMR = 53132.10 LAK
20 December 2023	1 OMR = 53379.00 LAK
21 December 2023	1 OMR = 53573.50 LAK
22 December 2023	1 OMR = 53651.90 LAK
23 December 2023	1 OMR = 53376.60 LAK
24 December 2023	1 OMR = 53515.60 LAK
25 December 2023	1 OMR = 53077.30 LAK
26 December 2023	1 OMR = 53223.00 LAK
27 December 2023	1 OMR = 53535.30 LAK
28 December 2023	1 OMR = 53689.00 LAK
29 December 2023	1 OMR = 53439.70 LAK

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

02/07/1997: Lao kip devalued

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

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

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.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

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.

Historic Omani rial Lao kip