Lao Central Bank issues statement to clarify false foreign account claims

VIENTIANE (Laotian Times): The Bank of Lao PDR (BOL) has issued a statement to dismiss false claims circulating online that suggest foreign currency bank account holders may no longer be able to make transactions in their respective currencies.

The statement was made after a social media post said that residents with a foreign currency account in commercial banks would be prohibited from conducting transactions in their chosen currency.