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

Omani rial lao kip history for September 2023. The highest quote for this month is 52675.3 (30/09/2023) and the lowest 52637 (30/09/2023). The difference between high and low is 0.07.

OMR LAK average rate for September 2023 is 51790.47391, the change between 01/09/2023 and 30/09/2023 is -4.09 %.

01 September 2023	1 OMR = 50619.60 LAK
04 September 2023	1 OMR = 50888.20 LAK
05 September 2023	1 OMR = 50842.40 LAK
06 September 2023	1 OMR = 50884.10 LAK
07 September 2023	1 OMR = 51199.80 LAK
08 September 2023	1 OMR = 51227.00 LAK
11 September 2023	1 OMR = 52688.40 LAK
12 September 2023	1 OMR = 51373.30 LAK
13 September 2023	1 OMR = 51381.50 LAK
14 September 2023	1 OMR = 51435.80 LAK
15 September 2023	1 OMR = 51553.90 LAK
18 September 2023	1 OMR = 53136.60 LAK
19 September 2023	1 OMR = 51799.30 LAK
20 September 2023	1 OMR = 51878.00 LAK
21 September 2023	1 OMR = 51906.10 LAK
22 September 2023	1 OMR = 52077.80 LAK
23 September 2023	1 OMR = 52134.90 LAK
24 September 2023	1 OMR = 52134.90 LAK
25 September 2023	1 OMR = 51616.20 LAK
27 September 2023	1 OMR = 52349.90 LAK
28 September 2023	1 OMR = 52570.20 LAK
29 September 2023	1 OMR = 52794.00 LAK
30 September 2023	1 OMR = 52689.00 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