VIENTIANE (Laotian Times): The Bank of Laos (BOL) and 15 commercial banks signed a Memorandum of Understanding (MOU) with aims to establish a centralised foreign exchange market to stabilise the national currency, improve transaction monitoring, and provide convenient currency exchange options.
The move comes in response to current economic challenges in Laos, such as inflation, the need for foreign currency for purchases, and high foreign debt, which has complicated the BOL’s efforts to track accurate exchange rates
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