Panamanian Balboa lao kip exchange rate history (PAB LAK) September 2023

Panamanian Balboa lao kip history for September 2023. The highest quote for this month is 20639.7 (29/09/2023) and the lowest 20640.5 (29/09/2023). The difference between high and low is 0.

PAB LAK average rate for September 2023 is 20229.19565, the change between 01/09/2023 and 30/09/2023 is -2.05 %.

01 September 2023	1 PAB = 19873.10 LAK
04 September 2023	1 PAB = 19911.30 LAK
05 September 2023	1 PAB = 19951.70 LAK
06 September 2023	1 PAB = 19954.50 LAK
07 September 2023	1 PAB = 20124.70 LAK
08 September 2023	1 PAB = 20126.90 LAK
11 September 2023	1 PAB = 20065.10 LAK
12 September 2023	1 PAB = 20203.20 LAK
13 September 2023	1 PAB = 20197.40 LAK
14 September 2023	1 PAB = 20194.40 LAK
15 September 2023	1 PAB = 20248.30 LAK
18 September 2023	1 PAB = 20236.40 LAK
19 September 2023	1 PAB = 20348.60 LAK
20 September 2023	1 PAB = 20375.80 LAK
21 September 2023	1 PAB = 20377.10 LAK
22 September 2023	1 PAB = 20448.40 LAK
23 September 2023	1 PAB = 20025.00 LAK
24 September 2023	1 PAB = 20025.00 LAK
25 September 2023	1 PAB = 20368.80 LAK
27 September 2023	1 PAB = 20565.10 LAK
28 September 2023	1 PAB = 20633.60 LAK
29 September 2023	1 PAB = 20737.10 LAK
30 September 2023	1 PAB = 20280.00 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.

Historic Panamanian Balboa Lao kip