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The Bank of the Lao P.D.R. (Lao: ທະນາຄານ ແຫ່ງ ສ. ປ. ປ. ລາວ) is the central bank of Laos. It is also the bank of last resort, controlling the money supply, managing the country's reserves, and supervising the commercial banks operating in Laos. The bank is managed by an executive board, a governor and a deputy ...
The Bank of Laos governor announced on January 25, 2012, that the Bank of Laos would issue 100,000 Kip banknotes as a regular issue on February 1, 2012 (but dated 2011) to encourage Lao people to use the national currency instead of U.S. dollars and Thai baht. [13] [14] [15] As of 2019, the ₭500 note is the smallest one commonly in circulation.
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
Canadia Bank Lao 1 September 2009 Canadia Bank: canadiabank.com.la: Saigon-Hanoi Bank Lao SHB 15 January 2016 SHB Bank shb.la: Defunct bank(s)
The first Western account of the mineral wealth of Lan Xang came in 1552, from a Portuguese explorer Joao de Barros, who noted that the Lao exported silver. [10] In 1642 the Dutch East India Company expedition led by Gerrit Van Wuysthoff noted the good quantities of gold and other metals available for trading, and made note of a monk who was ...
Ongoing — COVID-19 pandemic in Laos. 7 July – The government of Laos discusses the purchase of oil from sanctions-hit Russia as the country faces oil shortages and is nearing a debt default. [1] 29 August – 2022 Laos floods: Recent flash floods caused by heavy rainfall in northern Laos have caused at least 5.6 billion Lao kips in damage. [2]
The economy of Laos is a lower-middle income developing economy.Being a socialist state (along with China, Cuba, Vietnam, and North Korea), the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with openness to foreign direct investment and private ownership in a predominantly market ...
Pany Yathotou (Lao: ປານີ ຢາທໍ່ຕູ້; born 18 February 1951) is a Laotian politician and member of the Lao People's Revolutionary Party.. She was the chairwoman and governor of the Bank of the Lao P.D.R., the country's central bank, from 1988 until 1997.
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