Asian financial crisis

The Asian financial crisis was a financial crisis that started in July 1997 in Thailand, and affected currencies, stock markets, and other asset prices of several Asian countries, many part of the East Asian Tigers. It is also commonly referred to as the Asian currency crisis or locally, although inaccurately, as the IMF crisis.

Laos

Laos was mildly affected by the crisis going from about 4700 Kip for one dollar to about 6000 Kip for one dollar.

Related Topics:
Laos - Kip

~ ~ ~ ~ ~ ~ ~ ~ ~ ~