Lao money exchange units banned from selling foreign currency


VIENTIANE (Vientiane Times/Asia News Network): Money exchange units that represent commercial banks are now prohibited from selling foreign currency, according to the Bank of the Lao PDR.

Became effective on Oct 11, the ban supports the government’s attempts to give commercial banks a greater role in the purchase and sale of foreign currencies, while limiting the role of money exchange units in currency trading.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Laos , currency , foreign

   

Next In Aseanplus News

Indonesian police launches probe after bomb threat at university graduation ceremony in Bandung
Nigeria and India agree deeper ties in maritime security, counter-terrorism
We've always treated all well', Malaysian popular singer treated fairly, says Thailand Corrections Department
Finally, Typhoon Man-yi weakens as it crosses Philippines' main island
Trump's victory set to reshape economic and political landscape for Asean and West Asia, say analysts
MACC gives commitment, guarantees protection for whistleblowers, says Azam Baki
Indonesia still believe as coach retains World Cup qualification hope despite Japan loss
Vietnam's assures people the electricity demand in 2025 will be met, says minister
Japanese troops will train with US and Australian forces as concerns grow after Philippine issues in South-East Asia
Indonesia to propose its famous Kebaya, Reog and Kolintang as Unesco cultural heritages

Others Also Read