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| Name | Opening a foreign currency account (Nostro Account) |
|---|---|
| Description | A legal person of the Lao PDR desirous of opening a nostro account shall file the following documents for approval must submit (a) an Application to open a nostro account (with the forms issued by the Bank of The Lao PDR); (b) Business license or approval letter to open a branch or a resident representative office overseas; (c) An approval letter for foreign borrowing issued by The Bank of The Lao PDR; and (d) an External loan contract |
| Comments | - |
| Validity From | 02-04-2010 |
| Validity To | 31-12-9999 |
| Reference | Article 10 |
| Status | Active |
| Measure Type | Administrative Requirements |
| Agency Name | Bank of the Lao PDR |
| Legal Document | Instruction on Implementation of Decree Law on Management of Foreign Currency and Precious Metals No. 1/PC dated 17 March 2008 No. 01/BOL, dated 2 April 2010 |
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| Description |
|---|
| Banking and other financial services (excluding insurance) |