KPL
The Bank of the Lao PDR (BOL) has launched the Capital Flow Management System (CMS) to enhance foreign exchange management and improve financial stability in the country.
(KPL) The Bank of the Lao PDR (BOL) has launched the Capital Flow Management System (CMS) to enhance foreign exchange management and improve financial stability in the country.
The launch event, held in Vientiane on Monday, was attended by BOL Deputy Governor Aloun Bounyong, members of the bank’s executive board, representatives from commercial banks, and other key stakeholders.
Mr. Vatthana Sanoubane, Deputy Director of BOL’s Foreign Exchange Management Department, stated that the CMS has undergone rigorous testing to meet business and technical regulations, ensuring security, operational readiness, and compliance with ISO 27001 standards.
The system is designed to enhance the efficiency and effectiveness of foreign exchange management by enabling real-time monitoring of cross-border capital flows, particularly in trade and investment.
The implementation of this system is crucial, given the country’s past economic challenges, including financial instability, inflation, and external economic shocks.
Foreign exchange management remains a key priority for the Lao government, with close oversight from national leadership. While improvements have been made under the existing system, further modernization is essential to ensure long-term stability and resilience in Laos’ financial sector.
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