Using foreign currency instead of local currency is the result of local currency depreciation rather than the cause. Laos imports more than it exports and even needs to import food from Thailand. If a country does not have a trade surplus to maintain foreign currency reserves, then there is not enough foreign currency to keep the exchange rate stable.
No USA We are using only dollar only We cannot use Another country Currency Have to be dollar only Because In USA You can not Buying anything With Your Kip money If you wanted to Visit in USA You have go to the Bank In your own country changed your Kip money to a dollar their can buy anything you want to buy They Don’t to taking your Kip money You only used your own currency Other countries Like USA We Don’t Want to take because We Don’t How Spending them Can not Buy anything else What you need They only use Dollar only
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Using foreign currency instead of local currency is the result of local currency depreciation rather than the cause. Laos imports more than it exports and even needs to import food from Thailand. If a country does not have a trade surplus to maintain foreign currency reserves, then there is not enough foreign currency to keep the exchange rate stable.
No USA
We are using only dollar only
We cannot use
Another country
Currency
Have to be dollar only
Because
In USA
You can not Buying anything
With Your Kip money
If you wanted to
Visit in USA
You have go to the Bank
In your own country changed your Kip money to a dollar their can buy anything you want to buy
They Don’t to taking your Kip money
You only used your own currency
Other countries
Like USA
We Don’t Want to take because
We Don’t How
Spending them
Can not Buy anything else
What you need
They only use
Dollar only