Kip weakens against Thai baht, hurts Lao importers

VIENTIANE (Vientiane Times/ANN) – The continuously weakening value of the Lao kip against the Thai baht has hurt businesses in Laos, especially those engaged in import operations, forcing them to accept a cut in profits.

As of September 2, the exchange rate at the Banque pour le Commerce Exterieur Lao Public (BCEL) showed that one Thai baht was being sold for 291.92 kip, and one Thai baht could be purchased for 289.73 kip.


Bounfaeng Phaymanivong