- Laos regulates management of foreign-currency income from exports
- Decision No. 333 from the Bank of Lao PDR sets minimum required proportions for importing income in foreign currency
- Exporters must receive payments from abroad via bank transfer into a dedicated bank account within 180 days
- Exporters must sell at least the minimum required proportion of their foreign-currency income to a commercial bank in Laos
- Commercial banks must carefully manage reserves and liquidity to meet public demand
- Requirements do not apply to re-exporters
- Remaining foreign-currency income must be used for foreign-currency exchange purposes
- Service exporters must register as importers and exporters to bring in income generated from exporting services.
Source: tilleke.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
