The Bank of the Lao PDR (BOL) is now working to tackle several unresolved issues related to financial matters, including differences between the exchange rates in the market and banks.
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Many firms are effectively conducting business and basing their pricing on foreign currencies sold in the parallel market
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The inflation rate is increasing in Laos despite the government’s measures to regulate the prices of goods in the local markets.
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The Thai baht has continued to appreciate against the Lao kip over the past few weeks, which could further drive up the price of products imported from the southern neighbour.
The Thai baht had increased by 5 percent against the Lao kip since earlier this month. The increase was due to the market principle of demand and supply as more …..