Lao central bank launches Capital Flow Management System
The Bank of the Lao PDR (BOL) has recently launched the Capital Flow Management System (CMS) to enhance foreign exchange management and improve financial stability in the country.
Capital Flow Management System launched (Photo: kpl.gov.la)
Vientiane (VNA) - The Bank of the Lao PDR (BOL) has recently launched the Capital Flow Management System (CMS) to enhance foreign ex๊change management and improve financial stability in the country.
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 modernisation is essential to ensure long-term stability and resilience in the Lao financial sector.
The CMS has undergone rigorous testing to meet business and technical regulations, ensuring security, operational readiness, and compliance with ISO 27001 standards./.
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