Established 7 October 1968 Central bank of Laos Currency Lao kip | Headquarters Vientiane Founded 7 October 1968 | |
Bank of the Lao P.D.R., located in Vientiane, is the central bank of Laos. It is also the bank of last resort, controlling the money supply, managing the country's reserves, and supervising the commercial banks operating in Laos.
The bank is managed by an Executive Board, a Governor and a Deputy Governor. The current Governor is Somphao Phaysith; the Deputy Governor is Bounsong Sommalavong.
The Bank of Laos was formed on October 7, 1968 and has been since operating in the country's capital.
References
Bank of the Lao P.D.R. Wikipedia(Text) CC BY-SA