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15
Jul
2007

Laos: Lao central bank releases thai baht

Other than the cambodian government Lao central Bank pursues completely difernt currency strategies. The institute released 30 million Thai baht (abot 8.6 billion Lao kip) last week to protect against black-market gains, said bank governor Phouphet Khamphounvong. "This was because the bank doesn't want entrepreneurs to exchange money in the black market. He said illegal traders might use this chance to make gains," quotes the Vientiane Times.
In Cambodia the situation is meanwhile completely differnet as politicians first of all Tiolong Saumura try to get rid of foreign currencies like the US-dollar or the Thai baht.

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