December 2004
Asia Monitor: South East Asia Monitor Volume 1;Dec2004, Vol. 15 Issue 12, p1
Country Report
Country Report
The article reports economic indicators of Laos. In early November, 2004, the kip was trading at around K10, 880/U.S.$, down by around 1.5% since early July and down nearly 4% since the start of the year. Further downward pressure on the kip in both the short and medium term cannot be ruled out, given the size of the trade deficit and a tendency towards fiscal indiscipline. Foreign exchange reserves are equivalent to only around five months of imports, further limiting the government's ability to defend the currency.


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