Inflation in Laos climbed from 6.25 percent in January 2022 to 41.26 percent in February 2023. The country's annual average inflation rate was 23 percent in 2022, jumping from 3.8 percent in 2021.

The Lao government is taking steps to address the ongoing depreciation of the national currency, the Lao kip, and the skyrocketing inflation rates. However, challenges remain as the country ...

The value of the kip when exchanged for other currencies at commercial banks in Laos has gradually decreased, with the Bank of the Lao PDR (BoL) issuing a neutral rate of 8,864 kip per US dollar as of ...

As of Tuesday, the exchange rate at the Banque pour le Commerce Exterieur Lao Public (BCEL) showed that one Thai baht was being sold for 292.13 kip (3.3 US cents), and one Thai baht could be purchased ...

The fees for vehicle categories include one million Lao kip (over 121 U.S. dollars) for heavy trucks with 18 wheels, 800,000 Lao kip (over 97 U.S. dollars) for heavy trucks with 12 wheels and sedans ...

VIENTIANE, Dec 17 (Xinhua): The continuing depreciation of the kip, the Lao currency, is creating a major roadblock in the government's efforts to rein in inflation, a Lao official has said. The ...

VIENTIANE, May 10 (Xinhua) -- Laos' central bank, the Bank of the Lao PDR (BOL), has announced it will soon start selling savings bonds worth up to 2 trillion Lao kip (some 114 million U.S. dollars).