VIENTIANE: The Ministry of Finance has announced the seizure of more than 12.3 billion kip, US$265,919, and more than 24.8 ...

Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and ...

The Lao kip, however, given its close link to the Thai baht, was particularly vulnerable to the exchange rate volatility that rocked the region. Between July 1997 and June 1998, the kip lost 70 ...

While the Lao economy has improved slightly in 2024, macroeconomic instability continues to constrict growth. Most sectors show some signs of growth, but a weak kip and high inflation are eroding ...

A conference was held in Vientiane on March 14 to promote the use of the Lao kip (LAK) and the Vietnam dong (VND) in payments ...

Nam Ou, in the same filing, claimed damages of $3.02 million for EdL predominantly paying its dues using the Lao kip currency, while the agreement had stipulated that 85% of the payments be made ...