Laos tries to stabilise exchange rates
Ann/vientiane Times
The Bank of the Lao PDR, the central bank of Laos, is trying to stabilise the exchange rate in the country as much as possible, hoping for a rate fluctuation this year of no more than 5 percent.The bank governor, Phouphet Khamphounvong, said: "The central bank will control the exchange rates in the country, and will not allow the Lao kip to strengthen against the US dollar or weaken against Thai baht over 5 percent." In the first six months, the Lao kip was 0.99 percent stronger against the US dollar. In June this year one US dollar was worth 9,599 kip, down from 9,695 kip of December last year.
|
|
