Mismanagement of foreign currency rife in Laos, says its new Bank Governor

Image from Laotian Times

VIENTIANE, July 2: Newly-appointed Governor of the Bank of Laos, Bounleua Sinxayvoravong, addressed the National Assembly about the challenges and difficulties faced by the nation in regard to foreign exchange management, reports Laotian Times.

During the 3rd Ordinary Session of the Ninth National Assembly, Bounleua said that sources of foreign exchange have decreased significantly, with the amount of foreign currency in the country unable to meet demand.