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| Name | Commercial Banks selling Foreign Exchange to pay for imported goods in the form of L/C, TT SWIFT or draft |
|---|---|
| Description | A commercial bank desirous of selling foreign exchange to the residents and non-residents of the Lao PDR to pay for imported goods in the form of L/C, TT, SWIFT or draft, must ensure that the application comprises (a) Application for buying foreign currency by the importers; (b) Goods order issued by the importers; (c) Proforma invoice issued by the exporters abroad; (d) Selling-buying contract ( in case goods orders and proforma invoice are not available); and (e) Business license and export-import 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) |