Kip depreciation creates major roadblock in curbing Laos' inflation, says: Lao official

VIENTIANE, Dec 17 (Xinhua): The continuing depreciation of the kip, the Lao currency, is creating a major roadblock in the government's efforts to rein in inflation, a Lao official has said.

The kip has fallen in value by 19.44 percent against the US dollar and by 18.02 per cent against the Thai baht over the past nine months, Lao Economic Daily on Thursday quoted Bounleua Sinxayvoravong, governor of the Bank of Lao PDR (BOL), Lao central bank, as saying at the ongoing fourth ordinary session of the National Assembly (Ninth Legislature) of Laos.