KONTAN.CO.ID - BANGKOK. Thailand's central bank on Tuesday said it would further relax foreign exchange regulations in the second half of this year, to encourage capital outflows amid a volatile baht affected by external factors. The central bank would allow local investors to invest more in securities abroad, assistant governor Alisara Mahasandana told reporters. The measures would include promoting the use of local currency in managing foreign exchange, the Bank of Thailand (BOT) said in a statement, which said investments of up to $10 million would be permitted for Thai retail investors in foreign securities, up from $5 million.
Thai Central Bank to Further Relax Foreign Exchange Rules This Year
KONTAN.CO.ID - BANGKOK. Thailand's central bank on Tuesday said it would further relax foreign exchange regulations in the second half of this year, to encourage capital outflows amid a volatile baht affected by external factors. The central bank would allow local investors to invest more in securities abroad, assistant governor Alisara Mahasandana told reporters. The measures would include promoting the use of local currency in managing foreign exchange, the Bank of Thailand (BOT) said in a statement, which said investments of up to $10 million would be permitted for Thai retail investors in foreign securities, up from $5 million.