Lao central bank mulls solutions to high inflation rate

VIENTIANE (Xinhua): The Lao central bank, the Bank of the Lao PDR (BOL), is seeking ways to lower the rate of inflation and rein in unfavorable foreign exchange rates.

Lao national TV on Friday quoted the Governor of Laos' central bank Bounleua Sinxayvoravong saying the main reason for unfavorable foreign exchange rates and high inflation in Laos is the fact that revenue is low but expenditure is high.