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Legal Document
Title: Decision on the Abolishment of the Decision on Providing Credit in Foreign Currencies by Commercial Banks no. 422/BOL, dated 30 May 2018
Type: Decision
Responsible Agency: Bank of the Lao PDR
Issuing Date: 2019-03-15
Click here to see the measures contained in this document
Type: Decision
Responsible Agency: Bank of the Lao PDR
Issuing Date: 2019-03-15
Click here to see the measures contained in this document
This decision defines the abolishment of the decision on providing credit in foreign currencies by commercial banks no. 1008/bol, dated 17 November 2016, in order to allow the commercial bank and its subsidiaries to provide credit into foreign currency.
Download Lao:Decision on the Abolishment of the Decision on Providing Credit in Foreign Currencies by Commercial Banks no. 422/BOL, dated 30 May 2018
List Measures Related to Legal Documents
| Name | Description | Status |
|---|---|---|
| Commercial banks and Foreign Bank Branches are allowed to provide credits in foreign currrencies | Commercial banks and Foreign Bank Branches are allowed to provide credits in foreign currrencies | Active |
| Not allow to withdraw cash on credit in foreign currencies | Commercial banks and Foreign Bank Branches are not allowed to let its customers to withdraw cash on credit in foreign currencies | Active |
| the loan repayment must be performed through banking system only | the repayment of loan in foreign currencies to goods or service provider must be performed through banking system only | Active |