VIENTIANE: The Ministry of Finance has announced the seizure of more than 12.3 billion kip, US$265,919, and more than 24.8 million baht from 50 accounts as part of an ongoing anti-corruption ...

The Lao kip, however, given its close link to the Thai baht, was particularly vulnerable to the exchange rate volatility that rocked the region. Between July 1997 and June 1998, the kip lost 70 ...