Decree on Foreign Exchange Reserves (Amended)
关于外汇储备的法令（修订版）
ດຳລັດ ວ່າດ້ວຍຄັງສຳຮອງເງິນຕາຕ່າງປະເທດ (ສະບັບປັບປຸງ)
Summary
This decree is issued by the Government of Laos, stipulating principles and regulations for the management, supervision, and inspection of foreign exchange reserves to ensure the implementation of monetary policy and external payment capacity, and maintain national currency stability. This decree replaces Decree No. 102/ນຍ dated July 12, 2000.
Articles
Article 1
Purpose. This Decree stipulates principles and regulations for the management, supervision, and inspection of foreign exchange reserves to ensure the implementation of monetary policy and external payment capacity, aiming to maintain national currency stability and strength, contributing to the sustainable socio-economic development of the country.
Article 2
Foreign Exchange Reserves. Foreign exchange reserves refer to foreign exchange assets established for the implementation of monetary policy and to address external payments, including:
1. Foreign currency in the form of banknotes and coins, or deposits held in a hard currency in an overseas bank account and deposited in a country with the unanimous consent of the Executive Committee of the Bank of the Lao People's Democratic Republic;
2. Special Drawing Rights of the Lao People's Democratic Republic at the International Monetary Fund;
3. Gold managed by the Bank of the Lao People's Democratic Republic;
4. Government bonds and other bonds issued or guaranteed by foreign governments or international financial institutions, denominated in a foreign currency, with the unanimous consent of the Executive Committee of the Bank of the Lao People's Democratic Republic;
5. Other assets recognized by the Bank of the Lao People's Democratic Republic.
Article 3
Interpretation of terms. The meanings of the terms used in this Decree are as follows:
1. Gold: Refers to gold bars, gold products, and offshore book-entry gold managed by the Bank of the Lao People's Democratic Republic;
2. Offshore book-entry gold: Refers to gold that meets international standards, does not exist in the form of gold bars, but whose value is equivalent to gold bars at international prices, deposited with an international financial institution, and whose value is equivalent to a certain currency;
3. International financial institution: Refers to foreign commercial banks, foreign financial institutions, the International Monetary Fund, and/or other international financial organizations;
4. Hard currency: Refers to foreign currencies that are internationally accepted, usable for international payments, and can be flexibly bought and sold on international markets;
5. Special Drawing Rights: Refers to foreign exchange reserve assets determined and held by the International Monetary Fund;
6. Appreciation (operations): Refers to the deposit and/or investment of foreign exchange reserves in offshore buying and selling to generate financial returns.
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