The Bank of the Lao participated in the official opening of the office of Lao Foreign Exchange Market Company Limited, positioning the company’s foreign exchange market system as a channel for conducting FX transactions through the banking system. The company’s platform enables individuals, legal entities and organisations to buy and sell foreign currency on a spot basis via commercial banks’ online channels, including mobile banking and internet banking. Transactions are conducted via the Lao kip against three currencies: US dollar, Thai baht and Chinese yuan, with nine commercial banks currently participating as members; the opening ceremony at the Lao Securities Exchange building brought together around 150 attendees including shareholder banks, the Lao Banking Association and representatives from relevant ministries.
Bank of the Lao 2025-05-27
Bank of the Lao inaugurates Lao Foreign Exchange Market Company office to expand on-system spot foreign exchange trading
The Bank of the Lao participated in the opening of the Lao Foreign Exchange Market Company Limited's office, establishing a new FX market system for transactions through the banking system. The platform allows spot foreign currency transactions via commercial banks' online channels, with nine banks participating. Transactions involve the Lao kip against the US dollar, Thai baht, and Chinese yuan.