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The Bank of the Lao PDR Mandates Exchange Bureaus to Tie Up With Commercial Banks – What to Expect?

September 29, 2021

https://vdb-loi.com.kh/laos_publication/the-bank-of-the-lao-pdr-mandates-exchange-bureaus-to-tie-up-with-commercial-banks-what-to-expect/

The Monetary Policy Department of the Bank of the Lao PDR (“BOL”) issued Instruction No. 878/MPD on 2 August 2021 (“Instruction No. 878”) to implement its mandate requiring all currency exchange bureaus operating in the Lao PDR to become representatives of local commercial banks on or before 11 October 2021. Those that fail to do […]