Laos > Finance

Lao trade body LNCCI suggests solutions to stabilise local currency

05/13/2022 07:58

The Lao National Chamber of Commerce and Industry (LNCCI) has put forward a number of possible solutions to address the fluctuation in currency exchange rates, which has resulted in the ongoing fuel shortage.

Laos > Finance

Depreciation of Lao kip impacts people’s livelihoods

03/28/2022 08:26

The Lao kip has continued to depreciate over the past week against the US dollar and the Thai baht, propelled by a supply-demand mismatch.

Laos > Finance

Laos’ foreign currency deficit an economic challenge

03/23/2022 08:17

Laos' overall balance of payments situation is negative despite a trade surplus of $1.32 billion in 2021 because foreign exchange inflows represent only 26.45 per cent of the total export value.

Laos > Finance

Acleda set to expand cross-border services to Vietnam, Lao PDR

01/24/2022 07:48

Local publicly listed Acleda Bank Plc plans to expand cross-border payment services to two more ASEAN countries – Laos and Vietnam – following apparent success in Thailand.

Laos > Finance

Laos hopes to develop own digital currency

10/12/2021 07:46

Laos hopes to issue its own digital currency in the near future as part of cooperation with a Japanese financial technology (fintech) start-up, reports Laotian Times.

Laos > Finance

Lao money changers must liaise with commercial bank

09/15/2021 09:21

Bank of the Lao PDR (BoL) is set to tackle the difference in currency exchange rates between banks and money-changing outlets through the registration of exchange units, bringing them under the authority of commercial banks.


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