Job Recruitment Website - Job information - Why did the Lao currency depreciate again in February 2022 1?
Why did the Lao currency depreciate again in February 2022 1?
The reason why the Lao currency depreciated again in February 2022 1 was because of the oil crisis and the devaluation of Kipp. The appreciation of the dollar has had a serious impact on the currency circulation of microeconomic countries in the world, especially Laos, a country with financial investment and trade. When the currency circulation of Kipp is greater than that of foreign currencies, the Lao people and most entrepreneurs no longer believe in Kipp and use foreign currencies instead, such as Thai baht and US dollars.
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