Cover IMF Staff Country Reports
Lao People’s Democratic Republic: Selected Issues and Statistical Appendix
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 061
Language:
English
Publication Date:
18 Mar 2002
DOI:
https://doi.org/10.5089/9781451822434.002
ISBN:
9781451822434
ISSN:
1934-7685
Pages:
58
Keywords:
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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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund