Thailand relaxes capital controls
Bank of Thailand announces measures
The Bank of Thailand (BoT) has said it will relax foreign exchange regulations to make it easier for residents to acquire foreign assets, and for non-banks to buy and sell bahts.
The move aims to deepen Thailand's financial markets by allowing greater flexibility and diversification for both residents and non-residents, the BoT said today (April 30) in a statement.
New rulesUnder the new rules, which will be phased in over the next two years, residents will be allowed to hold up to $5 million
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