09-08-2023, 08:53 AM
Along with currencies like the Vietnam Dong, and Uzbekistani Som, the LAK has been categorized as a currency that is currently severely undervalued in the world for a variety of reasons.
To increase the supply of foreign currencies and demand for the Lao kip, Prime Minister Sonexay Siphandone issued a seven-page order to the Bank of the Lao PDR (BOL) and the Ministry of Industry and Commerce in July to ensure foreign exchange earned through exports and foreign investments, enters the country through its banking system, among other efforts to strengthen the national currency.
https://laotiantimes.com/2023/08/08/lao-...-in-world/
To increase the supply of foreign currencies and demand for the Lao kip, Prime Minister Sonexay Siphandone issued a seven-page order to the Bank of the Lao PDR (BOL) and the Ministry of Industry and Commerce in July to ensure foreign exchange earned through exports and foreign investments, enters the country through its banking system, among other efforts to strengthen the national currency.
https://laotiantimes.com/2023/08/08/lao-...-in-world/