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| Name | Commercial banks selling foreign currency to pay principal and interest incurred on foreign borrowing |
|---|---|
| Description | A commercial bank desirous of selling foreign exchange to the residents and non-residents of the Lao PDR to pay principal and interest incurred from foreign borrowing must ensure that the application comprises: (a) Application for buying foreign currency of the borrower; (b) The foreign borrowing permit issued by The Bank of The Lao PDR; (c)Loan contract with the repayment plan; (d) Capital importation certificate stipulating loan importation issued by The Bank of The Lao PDR; and (e) Investment license; Business license |
| Comments | - |
| Validity From | 02-04-2010 |
| Validity To | 31-12-9999 |
| Reference | Article 5 |
| 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) |