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VIENTIANE: The Lao central bank, the Bank of the Lao PDR (BOL), and commercial banks have jointly launched a trial run of an online foreign exchange market system through the Lao Forex Exchange (LFX) platform to integrate and centralize foreign currency exchange system.
The new platform aims to reduce the imbalance between the demand and supply of foreign currency, especially the use of foreign currency to pay for imported goods and services and to pay debts, according to a report issued by the BOL on Tuesday (Aug 27).
