Laos establishes bullion bank to secure gold reserves and stabilise kip


VIENTIANE (Xinhua): Laos plans to establish the Lao Bullion Bank to build gold reserves, enhance financial stability, and strengthen the Lao Kip.

The establishment of the bullion bank will contribute to the implementation of the vision of the Party and government in terms of maintaining and creating financial and economic stability that will unlock the potential of the national finance system and the treasury, strengthen the value of the Lao kip, and boost fundraising and national liquidity.

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Laos , Bullion Bank , New Establishment

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