Historic Qatari Rial Lao kip

Qatari Rial lao kip history for February 2024. The highest quote for this month is 5723.08 (24/02/2024) and the lowest 5723.08 (24/02/2024). The difference between high and low is 0.

QAR LAK average rate for February 2024 is 5701.10296, the change between 01/02/2024 and 29/02/2024 is +0.37 %.

01 February 20241 QAR = 5682.29 LAK
02 February 20241 QAR = 5694.50 LAK
03 February 20241 QAR = 5696.15 LAK
04 February 20241 QAR = 5696.15 LAK
05 February 20241 QAR = 5694.31 LAK
06 February 20241 QAR = 5659.59 LAK
07 February 20241 QAR = 5708.99 LAK
08 February 20241 QAR = 5713.89 LAK
09 February 20241 QAR = 5710.36 LAK
12 February 20241 QAR = 5655.58 LAK
13 February 20241 QAR = 5713.89 LAK
14 February 20241 QAR = 5716.64 LAK
15 February 20241 QAR = 5720.18 LAK
16 February 20241 QAR = 5722.14 LAK
17 February 20241 QAR = 5720.33 LAK
18 February 20241 QAR = 5720.33 LAK
19 February 20241 QAR = 5668.14 LAK
20 February 20241 QAR = 5666.06 LAK
21 February 20241 QAR = 5716.64 LAK
22 February 20241 QAR = 5719.39 LAK
23 February 20241 QAR = 5720.76 LAK
24 February 20241 QAR = 5723.08 LAK
25 February 20241 QAR = 5723.08 LAK
26 February 20241 QAR = 5666.19 LAK
27 February 20241 QAR = 5719.63 LAK
28 February 20241 QAR = 5720.18 LAK
29 February 20241 QAR = 5661.31 LAK

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

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.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

02/07/1997: Lao kip devalued

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

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 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.
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