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Bank of the Lao P.D.R.
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Bank of the Lao P.D.R.

by Aisha MeyerMay 19, 2017
Overview
Founded

October 1968

Headquarters

Vientiane, Laos

Website

http://www.bol.gov.la

Bank of the Lao P.D.R.

Bank of the Lao P.D.R., located in Vientiane, is the central bank of Laos. It is also the bank of last resort, controlling the money supply, managing the country’s reserves, and supervising the commercial banks operating in Laos.

The bank is managed by an Executive Board, a Governor and a Deputy Governor.

The Bank of Laos was formed on October 7, 1968 and has been since operating in the country’s capital.

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About The Community Member
Aisha Meyer
A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state's legal tender.

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