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Laos steps up efforts to boost foreign currency reserves

februari 13, 2024by Reacties uitgeschakeld voor Laos steps up efforts to boost foreign currency reserves

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VIENTIANE, Feb. 13 (Xinhua) — The Lao central bank, the Bank of the Lao PDR, is taking more steps towards monetary stability, especially by ensuring that more of the foreign currency that enters Laos is handled through the banking system to boost foreign reserves.

The bank has set a target to ensure that at least 70 percent of export earnings enter the banking system and that foreign reserves are sufficient to

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