Overhaul of FX Rules to aid private sector

Thailand's central bank kickstarts huge change to how foreign exchange is handled. The plans are comprehensive but some argue it fails to address more pressing concerns around the baht’s strength

“THE MEASURES ... ARE MAINLY AIMING TO IMPROVE BUSINESS” Anchali Singh, Kasikornbank

COUNTRY FOCUS


The Bank of Thailand (BoT) announced in June it will be easing certain foreignexchange rules to reduce compliance costs for the private sector. In a statement on June 5, the BoT laid out a timeline for regulatory changes geared to halt concerns that...

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