The list of permitted transactions in foreign currency is relatively limited in the Lao PDR. Foreign-exchange transactions, including foreign-source loans and interest rate and commodities-hedging transactions are governed by the Foreign Exchange Decree. A prior approval from the BOL must be obtained for transactions involving the use of foreign exchange for payment of goods, services or debt in the Lao PDR. The exchange of LAK into foreign currency is permitted only for limited purposes. In addition, all remittance aboard, transfer into the Lao PDR, foreign-source loans and payments in currency other than LAK must be approved by the BOL.