Bank of the Lao P.D.R.

Bank of the Lao P.D.R.
ທະນາຄານ ແຫ່ງ ສ. ປ. ປ. ລາວ
HeadquartersVientiane, Laos
Coordinates17°57′57″N 102°36′25″E / 17.9658°N 102.6070°E / 17.9658; 102.6070
Established7 October 1968; 56 years ago (1968-10-07)
Ownership100% state ownership[1]
GovernorXonexay Sithphaxay
Central bank ofLaos
CurrencyLao kip
LAK (ISO 4217)
Reserves~US$ 1.0 billion[1]
Websitewww.bol.gov.la

The Bank of the Lao P.D.R. (Lao: ທະນາຄານ ແຫ່ງ ສ. ປ. ປ. ລາວ) 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 current governor is Xonexay Sithphaxay.

The Bank of Laos was formed on 7 October 1968[2] and has been operating since in the country's capital, Vientiane. It succeeded the National Bank of Laos, which itself had taken over in early 1955 from the French-controlled Institut d'Émission des États du Cambodge, du Laos et du Viet-nam.

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "History of the Bank". Archived from the original on 2010-07-14. Retrieved 2014-05-11.