The Effect And Suggestions Of Laos' Financial Information On Cross-border Currency Settlement Business

Laos is a landlocked country and also a member of ASEAN.Because of its history and various reasons,Laos is relatively underdeveloped in economic development,especially in the number of financial institutions and various financial instruments,which has a greater impact on its economic development.In the course of the development of financial informationization,strengthening the financial function of the Lao government itself,especially using various informationization means,to promote the financial reform of Laos,which has a very important value for the national development of Laos.As an era of transition from planned economy to market economy,Laos needs to use various new mechanisms,especially the functions of financial informatization,to provide its own diversified financial services,so as to realize its domestic economic development.However,in the long process of reform,Laos is facing the shortage of funds and shortcomings in all aspects of Finance for the reform of individual and private economy,which requires a series of operations in order to achieve the development of the Lao economy itself.How to promote the development of cross-border monetary settlement business in Laos by means of financial informationization requires careful consideration of the current macro-financial management policy of Laos,especially from supporting infrastructure construction and the follow-up of corresponding financial information talents,in order to enable Laos to play a more positive role in its financial functions,and especially since this year,the old people have become very old.Laos has paid great attention to the financial reform of banks.While facing great pressure of reform,the Lao government's policies are relatively supportive of financial informatization.Only by steadfastly promoting the development of financial informatization in Laos,promoting the further cooperation of cross-border currency settlement business,ATM in Laos,and various supporting services such as telephone banking,can Laos promote the development of financial informatization.In order to realize the all-round development of Lao's economy,all the ways of dealing with it should be developed accordingly.Therefore,exploring the impact of Laos financial informationization on cross-border monetary settlement business and improving the cross-regional and regional financial management mode of Lao banks can help Lao banks develop rapidly,enhance the competitiveness and influence of Lao banks,provide more powerful services for the Lao financial industry,and help Laos improve its financial operation mode,so as to provide Lao's financial services.Development provides positive help.