Laos govt orders actions to regulate foreign currencies

VIENTIANE (Bernama-Xinhua): The Lao Prime Minister has ordered actions to regulate foreign currencies to ensure that more foreign exchange earned from exports and foreign investments enter the country, while simultaneously promoting the use of the Lao currency, reported Xinhua quoting a news report.

According to a Laophattana Daily News, the order was signed by Lao Prime Minister Sonexay Siphandone last Friday, aiming to increase the supply of foreign currencies, lead to de-dollarization, and create demand for the Lao kip.