The Bank of the Lao has launched the Capital Flow Management System (CMS) export module, a new platform designed to track cross-border foreign currency flows in real time and to reconcile export values with foreign exchange proceeds transferred back to the Lao PDR. Developed since late 2023 with two relevant ministries, the CMS is intended to centralise datasets on imports and exports, investment and currency flows that were previously held across different agencies to support analysis, comparison and matching. The system has been tested against business and technical compliance requirements and uses a three-tier architecture aligned with ISO 27001, with API links to the Ministry of Finance’s ASYCUDA customs declaration system, the Ministry of Industry and Commerce database for identity verification and business data exchange, and connectivity to 38 commercial banks to retrieve foreign currency inflow data.
Bank of the Lao 2025-03-03
Bank of the Lao puts into operation the Capital Flow Management System export module for real-time foreign currency flow monitoring
The Bank of the Lao has launched the Capital Flow Management System export module to track cross-border foreign currency flows in real time and reconcile export values with foreign exchange proceeds. Developed with two ministries, the CMS centralizes datasets on imports, exports, investment, and currency flows, using a three-tier architecture aligned with ISO 27001. It connects to the Ministry of Finance’s ASYCUDA system, the Ministry of Industry and Commerce database, and 38 commercial banks.