Historic Panamanian Balboa Lao kip

Panamanian Balboa lao kip history for December 2023. The highest quote for this month is 21185.9 (12/12/2023) and the lowest 21019.8 (26/12/2023). The difference between high and low is 0.78.

PAB LAK average rate for December 2023 is 20904.58214, the change between 01/12/2023 and 31/12/2023 is +0.32 %.

01 December 20231 PAB = 20931.20 LAK
02 December 20231 PAB = 20685.00 LAK
03 December 20231 PAB = 20685.00 LAK
04 December 20231 PAB = 20955.20 LAK
05 December 20231 PAB = 21150.70 LAK
06 December 20231 PAB = 21159.40 LAK
07 December 20231 PAB = 20994.50 LAK
08 December 20231 PAB = 21155.30 LAK
10 December 20231 PAB = 20710.00 LAK
11 December 20231 PAB = 20977.90 LAK
12 December 20231 PAB = 21173.50 LAK
13 December 20231 PAB = 20990.00 LAK
14 December 20231 PAB = 21163.60 LAK
15 December 20231 PAB = 21110.20 LAK
16 December 20231 PAB = 20558.00 LAK
17 December 20231 PAB = 20558.00 LAK
18 December 20231 PAB = 20816.40 LAK
19 December 20231 PAB = 20858.80 LAK
20 December 20231 PAB = 20970.40 LAK
21 December 20231 PAB = 21029.80 LAK
22 December 20231 PAB = 21064.90 LAK
23 December 20231 PAB = 20550.00 LAK
24 December 20231 PAB = 20550.00 LAK
25 December 20231 PAB = 20807.30 LAK
26 December 20231 PAB = 20821.30 LAK
27 December 20231 PAB = 20963.60 LAK
28 December 20231 PAB = 21073.40 LAK
29 December 20231 PAB = 20864.90 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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa 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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
PAB LAK July 2023
PAB LAK August 2023
PAB LAK September 2023
PAB LAK October 2023
PAB LAK November 2023
PAB LAK December 2023
PAB LAK January 2024
PAB LAK February 2024
PAB LAK March 2024
PAB LAK April 2024
PAB LAK May 2024
PAB LAK June 2024
PAB LAK July 2024