Lao People’s Democratic Republic: Selected Issues and Statistical Appendix

Author: International Monetary Fund

This Selected Issues paper examines the main causes for the surge in dollarization in the Lao People's Democratic Republic (Lao PDR). It explores various strategies that may be adopted to maintain low inflation and thus, indirectly, encourage the use of the national currency. The paper highlights that foreign currencies now account for the largest component of the domestic money supply. This situation, although encouraging in a country with poorly developed financial institutions, poses several challenges for the authorities.

Volume/Issue: Volume 2002 Issue 061

Publication date: March 2002

ISBN: 9781451822434

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Exports and Imports , Inflation , Money and Monetary Policy , Taxation - General , ISCR , CR , foreign currency , nontariff barrier , import , Lao P , D , R , authorities , import-export equilibration plan , BOL-run credit information bureau , SOCBs balance sheets , SOCB credit , Lao banking sector , Currencies , Imports , Dollarization , Tariffs , Credit , East Asia , Global , South Asia , Asia and Pacific

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Summary

This Selected Issues paper examines the main causes for the surge in dollarization in the Lao People’s Democratic Republic (Lao PDR). It explores various strategies that may be adopted to maintain low inflation and thus, indirectly, encourage the use of the national currency. The paper highlights that foreign currencies now account for the largest component of the domestic money supply. This situation, although encouraging in a country with poorly developed financial institutions, poses several challenges for the authorities.