Thai central bank relaxes FX rules to curb currency’s strength
Central bank says it is considering further liberalisations to currency regime
Thailand’s central bank is allowing greater flexibility in foreign exchange trading, in another attempt to reduce the currency’s strength, it said on January 5.
The measures enable non-financial companies to trade baht without providing proof of underlying for each transaction, while lifting the end-of-day outstanding limit of 200 million Thai baht ($6.7 million).
The new rules are part of the Bank of Thailand’s effort to develop the country’s foreign exchange system through structural reform
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