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NameSale and use of foreign exchange
DescriptionThe sale of foreign exchange to residents and non – resident of the Lao PDR from a commercial bank must comply with the specified requirements which include transfer to pay for imported goods, transfer to pay for transportation, insurance and warehousing, transfer to pay principal and interest incurred from foreign borrowing and for remittance of profits and dividends of foreign investors.
Comments-
Validity From02-04-2010
Validity To31-12-9999
ReferenceArticle 5
StatusActive
Measure TypeLimitations on transfer of funds
Agency NameBank of the Lao PDR
Legal DocumentInstruction on Implementation of Decree Law on Management of Foreign Currency and Precious Metals No. 1/PC dated 17 March 2008 No. 01/BOL, dated 2 April 2010
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