Central bank imposes measures to stabilise kip
The Bank of the Lao PDR has imposed measures to help prevent the further depreciation of the kip against international currencies.
According to a newsletter published by the central bank earlier this week, to prevent the kip sliding further against the US dollar and Thai baht, the bank has adjusted the money supply at a level that is relevant to the current socio-economic context.
In addition, the bank has been applying the managed floating exchange rate regime to keep the value of the kip more stable, according to the newsletter, which is posted on the homepage of the Bank of the Lao PDR’s website.
Ekaphone Phouthonesy
