It is stipulated that all transactions should be conducted in the territory of Laos. If the merchant uses foreign currency to publicize the price of goods and other expenses in the publicity activities, a fine of 1 million kip will be imposed. A fine of 3 million kip for commercial settlement using foreign currency. "
In this regard, what do you think of the majority of netizens?
Our country also does not pay attention to foreign currency control, especially the person in charge of coin control. While saying, "Kip can only be used in Laos." But the fact is that the current people's payments are based on the market, most of them are Thai baht or renminbi. This led to the phenomenon that people did not use the Kip. In the face of such a situation, how should our country be good?
Look at other countries, not to say whether their currency is strong or weak, people will use their own country's currency to pay, foreigners have to exchange local currency in order to pay locally. When will we be in Laos?
This rule cannot be implemented because the vehicle distributors use the US dollar to pay for the purchase of vehicles from abroad. If they want to use the Kip to trade, they can only change 100-200 dollars a day, which cannot support large transactions such as vehicles. I hope that the government can improve the problem of this exchange system as soon as possible.
Solving this problem is also beneficial for those stores that offer currency exchange services.
This is impossible because the vehicle distributor buys the vehicle in foreign currency.
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