International Reserves in Laos
Laos - International ReservesThe Covid-19 pandemic and associated lockdown will have dealt a notable blow to the economy in H1, hammering the tourism, transport and services sectors. Due to the nationwide lockdown as well as border closures, the industrial and tourism sectors are set to be severely hit in H1. On a more positive note, the state airline announced it will reopen its domestic routes on 22 May, which should help gradually restart activity. Moreover, China’s Chifeng Jilong said it will resume gold production at Sepon mine for the first time in over six years, thanks to the recent spike in gold prices, while the government is pushing ahead with the Mekong River hydropower project. The plant, part of the government’s plan to export electricity to its neighbors, is estimated to cost over USD 2 billion and its construction should start later this year.
Laos - International Reserves Data
|International Reserves (USD)||1.1||0.9||1.1||0.9||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Laos International Reserves Chart
Source: World Bank and FocusEconomics calculations.
|Exchange Rate||8,885||0.31 %||Jan 01|
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