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Country Profile - Lao pdr

COUNTRY OVERVIEW

Laos is officially known as the Lao People’s Democratic Republic. Laos is bordered by Myanmar (Burma) and China to the northwest, Vietnam to the east, Cambodia to the southwest, and Thailand to the west and southwest.

Laos

General Information:

Capital: Vientiane

Language: Lao (official), French, English, various ethnic languages

Religion: Buddhist 64.7%, Christian 1.7%, none 31.4%, other/not stated 2.1% (2015 est.) 

Currency: Kip

Cryptocurrency:  The Bank of Lao PDR has warned everyone against buying, selling or using cryptocurrency for money transactions. wholesale ban on the use of cryptocurrencies.No financial institutions are allowed to possess, engage in or encourage cryptocurrency transactions.

GMT: (+) 7

The Lao People’s Democratic Republic is one of the world’s only socialist states openly endorsing communism, and is also one of the poorest countries in East Asia. The only legal political party is the Lao People’s Revolutionary Party (LPRP).

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