On August 27, 2024, according to the Lao Development Newspaper, Mr. Pan Nusa, Director of the Office of the Central Bank of Laos, said: The economic situation in the Lao People's Democratic Republic is still facing many pressures. The demand and supply of foreign currency in Laos are still unbalanced, and credit continues to grow. This is a factor that puts pressure on the value of the kip and inflation. Therefore, the Central Bank of Laos needs to continue to implement a more targeted monetary policy.

The Lao Monetary Policy Committee has formulated the following guidelines:

1. Increase the base interest rate of the kip currency of the Bank of the Lao People's Democratic Republic from 10% to 10.5% per year.

2. Increase the interest rate on foreign exchange deposits from 10% to 11%.

3. Continue to implement the open market exchange rate policy managed by the state and accelerate the opening of the foreign exchange trading market.

4. Continue to implement foreign exchange management measures, develop a payment system that connects domestic banks and can be connected to international banks, and promote the use of kip.