Status : Development
Usecase : Retail, Wholesale
The Bank of the Lao began its partnership with Soramitsu in October 2021. However, the PDR has yet to determine if it will issue a CBDC. The Japan International Cooperation Agency is working on the project jointly with the central bank, as part of a wider push to promote socioeconomic development in Laos. The research is set to explore a multi-currency, wholesale pathway as well. In 2023, Laos began developing and testing a proof-of-concept with Soramitsu. During this pilot, the Bank of the Lao PDR issues a CBDC to a temporary commercial bank that then distributes it to individual users to test the payment method at participating retail outlets. This trial is a modified version of Bakong platform launched in Cambodia.
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