Mrs Alisara, right, says a broader relaxation of foreign exchange transactions under the central bank’s new forex ecosystem are effective from Friday.
The Bank of Thailand (BoT) is persevering in its commitment to relax foreign exchange regulations as part of its development of a new foreign exchange ecosystem to stabilise the exchange rate in the longer term.
Rules for cross-border baht transfers and payment transactions were eased.
However, transactions that have a significant impact on the country’s financial stability, such as the cross-border transfer of baht to pay for digital assets, are still prohibited, said the central bank.
The regulator also eased rules for foreign exchange hedging and document requirements. These…
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