Historic Panamanian Balboa Lao kip

Panamanian Balboa lao kip history for January 2024. The highest quote for this month is 21161.7 (30/01/2024) and the lowest 20994.4 (31/01/2024). The difference between high and low is 0.79.

PAB LAK average rate for January 2024 is 20950.95556, the change between 01/01/2024 and 31/01/2024 is -1.84 %.

01 January 20241 PAB = 20781.50 LAK
02 January 20241 PAB = 20781.40 LAK
03 January 20241 PAB = 20971.80 LAK
04 January 20241 PAB = 20998.00 LAK
05 January 20241 PAB = 21073.40 LAK
06 January 20241 PAB = 20589.00 LAK
07 January 20241 PAB = 20589.00 LAK
08 January 20241 PAB = 20852.30 LAK
09 January 20241 PAB = 21072.40 LAK
10 January 20241 PAB = 20857.50 LAK
11 January 20241 PAB = 21062.60 LAK
12 January 20241 PAB = 21050.50 LAK
14 January 20241 PAB = 20594.00 LAK
15 January 20241 PAB = 20875.70 LAK
16 January 20241 PAB = 20886.40 LAK
17 January 20241 PAB = 20880.40 LAK
18 January 20241 PAB = 21126.00 LAK
19 January 20241 PAB = 21125.60 LAK
22 January 20241 PAB = 20930.70 LAK
23 January 20241 PAB = 21126.30 LAK
24 January 20241 PAB = 21146.40 LAK
25 January 20241 PAB = 21158.40 LAK
26 January 20241 PAB = 21140.40 LAK
28 January 20241 PAB = 20696.00 LAK
29 January 20241 PAB = 20976.10 LAK
30 January 20241 PAB = 21169.40 LAK
31 January 20241 PAB = 21164.60 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
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PAB LAK December 2023
PAB LAK January 2024
PAB LAK February 2024
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