The Bank of Thailand unveiled new measures on Friday aimed at balancing capital flows after warning a rapid jump in the baht risked undermining the economy amid renewed inflows into emerging markets.
The BoT will allow Thais to freely deposit and transfer funds in foreign currency deposits (FCD) accounts and to directly invest more in foreign securities, assistant governor Vachira Arromdee told a briefing.
FCD accounts may also be used for residents to diversify investments into assets denominated in foreign currencies such as overseas equities and gold denominated in US dollars.
The limit on Thai investors to directly invest in…
