Laos’ central bank to focus on currency management amid challenges
VIENTIANE (Vientiane Times) – Laos’ central bank will tackle challenges to ensure the stability of the kip and prevent it weakening further against the Thai baht, and ensure the rate of inflation stays below 5 per cent.
Responding to questions about currency management from National Assembly members on Wednesday, the Governor of the Bank of the Lao PDR, Mr Sonexay Sithphaxay, said Laos will continue to face challenges in foreign currency management because it is a net importer.
News Desk
