Name | Sale and use of foreign exchange |
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Description | The 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 From | 02-04-2010 |
Validity To | 31-12-9999 |
Reference | Article 5 |
Status | Active |
Measure Type | Limitations on transfer of funds |
Agency Name | Bank of the Lao PDR |
Legal Document | Instruction 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 |