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If you were a farang living in LOS & had B10m available?


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Posted

I am actually in Laos right now and see banks advertise 6.5% return on US dollars. How safe is this?

take a wild guess why a debtor would pay you a multiple of the "normal" interest rate.

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Posted

I am actually in Laos right now and see banks advertise 6.5% return on US dollars. How safe is this?

take a wild guess why a debtor would pay you a multiple of the "normal" interest rate.

It could be a promotion to attract investors....or a small ponzi scheme which seems to be legal when done by banks.

Posted

ANZ in Laos has offered these sorts of interest rates for years - not sure how they do it, but I have never heard of any problems with defaulting by the bank etc. (I had such a bank account with them about 4 years ago when I was working in Lao PDR).

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