Authorities Carry Out Inspection of 67 Currency Exchange Firms
The authorities conducted a fresh inspection of 67 currency exchange firms in the country after BOL recently terminated business licences for currency exchange.
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Money Exchange Laos
Money Exchange Units Banned From Selling Foreign Currency
Under the new policy, money changers will be allowed to buy foreign currencies from customers but are forbidden to sell currencies other than kip
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BOL Gives Update On Authorised Money Exchange Units
Some 419 money exchange units have become representatives of commercial banks and will operate under the authorisation of the bank, in an attempt to tackle the difference in currency exchange rates between banks and money-changing outlets.
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BOL Requires Currency Exchange Units To Partner With Commercial Banks
BOL issued a notice informing currency exchange units nationwide to register with commercial banks to ensure their operations are carried out under the authorisation of the banking system.
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BOL To Take Urgent Action On Differences In Exchange Rates
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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Fluctuating Exchange Rate Increases Pressure On Lao Economy
Many firms are effectively conducting business and basing their pricing on foreign currencies sold in the parallel market
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Lao Central Bank Imposes New Regulation For Currency Exchanges
The Bank of the Lao PDR has come up with a new administrative rule designed to administer currency exchange businesses amid the appreciation of international currencies against the Lao kip.
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