BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Bank of the Lao People's Democratic Republic Bank of the Lao People's Democratic Republic The Bank of the Lao People's Democratic Republic (Bank of Lao PDR) shall be a financial institution of the Government, shall have the equivalent status to Ministry, shall be the Central Bank of the country, shall be juridical person and has the head office in Vientiane Capital. The Law on the Bank of the Lao PDR determines the characteristics, role, scope of rights and duties , organization and operations of the Bank of the Lao PDR in carrying out its monetary policy, maintaining stability of the value of Kip and contributing to the growth and efficiency of the socio-economic development of the Lao PDR. The Bank of the Lao PDR shall have the following roles:  • To be secretariat for the Government in the administration of macro finance, currency, credit of Banks within the country;  • To promote and facilitate control on the flows of money to serve the socio-economic development plan of the Lao PDR; and  • To promote and maintain stability of Kip within and outside of the country; strengthen the efficiency of payments mechanism and solvency of banking system in order to create an efficient operation and transparency of monetary, credit system of the Lao PDR. In achieving the functions as mentioned above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff. Bank of the Lao PDR HQ Address: Bonnet Road P.O.Box 19 Vientiane, Lao PDR Tel: +856 021 213 109 Swift Code: LPDRLALA Website: www.bol.gov.la Email: bol@bol.gov.la Currency: Kip Banking Hours: Monday - Friday : 8.00am - 4.00pm   Bank of the Lao PDR must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. Bank of the Lao PDR also responsible in determined the Base Rate in Lao PDR.   DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved