In the first half year of 2023, the price of goods and services in Laos increase by 38.06% (Photo:vientianetimes.org.la) Vientiane (VNA) - The Lao government is prioritising the rolling out of tough measures tosolve economic difficulties and control inflation.
According to Prime Minister Sonexay Siphandone, temporarily measuresinclude focusing on gradually ensuring the balance ofinternational payments, managing exchange rates, regulating the exchange rates between commercial banks, and encouraging currency exchange through the bankingsystem, among others.
The leader said medium- and long-term measures include strengthening the management of foreign currency market, strictly controlling payment and money transferactivities of import-export enterprises and investors both home and abroad. Besides,the government will take measures for items that directly affect people'slives, such as prices of goods and service charges for increased commoditygroups like food, fertiliser and animal feed, among others.
Inflation rate in the country fell from 41% in March to 28.8% in June.
In the first half year of 2023, the price of goods and services in Laosincreased by 38.06%, affecting the daily life of households acrossthe country./.
