News
BOL regulates currency exchange rates in bid to stabilise economy
The Bank of the Lao PDR (BOL) has issued a new Decision on the setting of currency exchange rates, as a guideline for commercial banks trading in foreign currencies.The move is aimed at enabling commercial banks to operate with a degree of flexibility in the ...
Somsack Pongkhao
Money exchange units banned from selling foreign currency
Money exchange units that represent commercial banks are now prohibited from selling foreign currency, according to the Bank of the Lao PDR. Became effective on October 11, the ban supports the government’s attempts to give commercial banks a greater role in the purchase and sale ...
Times Reporters
Govt appoints taskforce to address fuel crisis, skyrocketing prices, foreign currency shortfall
The government has formed a new taskforce to address the fuel crisis, the spiralling price of consumer goods, and dwindling foreign currency reserves.The move comes as Laos battles a damaging fuel shortage in the wake of the depreciation of the kip. The unfavourable exchange rate ...
Souksakhone Vaenkeo
Currency control measures being moderately implemented: Lao PM
VIENTIANE (Vientiane Times/ANN) – The management of the Lao currency is being moderately implemented across the country and it is stable as the rate of inflation stands at 1.5 per cent. However, the National Assembly (NA) has given the government the task of bringing the currency ...
Bounfaeng Phaymanivong
http://annx.asianews.network/content/currency-control-measures-being-moderately-implemented-lao-pm-98319