Govt Struggles To Regulate Currency Exchange Rates
The continuing depreciation of the kip is creating a major roadblock in the government’s efforts to rein in inflation
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Currency Depreciation Laos
Are Laos’ New Railways A Solution To Its Lack Of Trade With The West?
Transport costs are not the only problem facing the country, but reducing them could help spur progress in other areas.
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Govt Pledges To Stabilise Macro Economy
The government pledged to ensure sufficient fuel is available by pursuing market-based mechanisms, saying this would minimise damage to the economy and small-scale commercial production.
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Soaring Prices Put Squeeze On Low-Wage Earners
The year-on-year inflation rate hit 23.6 percent, the highest figure ever recorded since May 2000.
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Why China Can’t Let Laos Default
Laos faces intensifying economic and financial crises and there is likely no way out without some form of a Chinese bailout or debt forgiveness.
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A Fuel Shortage Is Driving Laos — Which Is On The Brink Of A Debt Default — To Seek Out Cheap Russian Oil
Russian gas is 70% cheaper than supplies from other international sources, according to Nikkei, citing local media.
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Businesses And People Hit By Depreciating Local Currency
The value of the Lao kip has dropped significantly since last year against the backdrop of volatility in the global fuel market due to the Russia-Ukraine conflict.
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Foreign Currency Deficit Among Economic Challenges Confronting Laos
Laos’ overall balance of payments situation is negative despite a trade surplus of US$1.32 billion in 2021 because foreign exchange inflows represent only 26.45 percent of the total export value.
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Fuel Prices, Currency Depreciation Drive Up Inflation In Laos
Fuel prices have increased six times in a period of just two months and 10 days, sparking greater concerns about the rising cost of living in Laos.
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