Regulatory Alerts2018-08-03
Added · Updated
Law on the Bank of the Lao People's Democratic Republic (Amended)
The Law defines the Bank of the Lao People's Democratic Republic as the national central bank responsible for managing monetary supply, supervising financial institutions, and overseeing payment systems. It establishes the organizational structure, including a Board of Directors, Monetary Policy Committee, and Auditing Committee, while detailing the rights and duties of the Bank to issue currency, grant licenses, and implement monetary policy. The legislation specifies appointment procedures for key officials, operational principles, and the legal status of the Kip as the national currency.
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Topics
monetary
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