Thai currency restrictions here to stay
Thailand's finance minister, Surapong Suebwonglee, met with the Bank of Thailand last Tuesday (February 12) to discuss removing a number of capital controls, including the controversial 30% reserve requirement. The regulation, introduced in December 2006, stipulates that 30% of foreign capital inflows of more than $20,000 used to buy baht-denominated fixed-income and equity securities must remain in the country for one year.
The rule was implemented to try to stem speculation on the appreciating
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