Historic Saudi riyal Lao kip

Saudi riyal lao kip history for December 2023. The highest quote for this month is 5524.73 (10/12/2023) and the lowest 5524.73 (10/12/2023). The difference between high and low is 0.

SAR LAK average rate for December 2023 is 5483.93556, the change between 01/12/2023 and 31/12/2023 is -0.26 %.

01 December 20231 SAR = 5459.26 LAK
03 December 20231 SAR = 5517.18 LAK
04 December 20231 SAR = 5462.78 LAK
05 December 20231 SAR = 5518.33 LAK
06 December 20231 SAR = 5518.08 LAK
07 December 20231 SAR = 5480.11 LAK
08 December 20231 SAR = 5518.69 LAK
10 December 20231 SAR = 5524.73 LAK
11 December 20231 SAR = 5473.38 LAK
12 December 20231 SAR = 5526.09 LAK
13 December 20231 SAR = 5473.53 LAK
14 December 20231 SAR = 5517.05 LAK
15 December 20231 SAR = 5503.37 LAK
16 December 20231 SAR = 5484.91 LAK
17 December 20231 SAR = 5482.86 LAK
18 December 20231 SAR = 5452.43 LAK
19 December 20231 SAR = 5439.45 LAK
20 December 20231 SAR = 5465.09 LAK
21 December 20231 SAR = 5485.46 LAK
22 December 20231 SAR = 5492.80 LAK
23 December 20231 SAR = 5482.19 LAK
24 December 20231 SAR = 5481.75 LAK
25 December 20231 SAR = 5428.30 LAK
26 December 20231 SAR = 5433.39 LAK
27 December 20231 SAR = 5472.90 LAK
28 December 20231 SAR = 5498.50 LAK
29 December 20231 SAR = 5473.65 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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

02/07/1997: Lao kip devalued

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

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

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.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
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