Ceiling doubled to $10 million for Thai investments in foreign securities
The Bank of Thailand (BoT) says it will double the amount that Thai retail investors can invest in foreign securities in order to encourage capital outflows amid a volatile baht.
Eased foreign-exchange rules for domestic companies and individuals will help them shore up their risk management as the baht is expected to remain volatile due to a host of external factors, the central bank said in a statement on Tuesday.
Investments of up to $10 million in foreign securities will be permitted for Thai retail investors, up from $5 million, it said.
As well, the BoT plans to promote the use of local currency…
