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.
Read moreThe authorities conducted a fresh inspection of 67 currency exchange firms in the country after BOL recently terminated business licences for currency exchange.
Read moreUnder the new policy, money changers will be allowed to buy foreign currencies from customers but are forbidden to sell currencies other than kip
Read moreSome 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.
Read moreBOL 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.
Read moreThe 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.
Read moreMany firms are effectively conducting business and basing their pricing on foreign currencies sold in the parallel market
Read moreThe 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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