Naam Posted August 26, 2015 Share Posted August 26, 2015 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. Link to comment Share on other sites More sharing options...
passedout Posted August 26, 2015 Share Posted August 26, 2015 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. Link to comment Share on other sites More sharing options...
simon43 Posted August 26, 2015 Share Posted August 26, 2015 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). Link to comment Share on other sites More sharing options...
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