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 between the kip and the US dollar and Thai baht has meant that importers are unable to purchase adequate amounts of the foreign currencies needed to buy sufficient quantities of fuel, whose price on the global market continues to rise.

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Souksakhone Vaenkeo