A woman prepares to exchange foreign currency at a counter in Bangkok. Agreements between regional central banks aim to support trade and investment in local currencies, as well as strengthen bilateral financial cooperation. (Photo: Pornprom Satrabhaya)
Regulations have limited growth of yuan-baht trade payment even as the central banks of Thailand and China have encouraged local currency settlement for quite some time.
Regulators are preparing to relax rules on using yuan for yuan-baht trade transactions as US dollar volatility increases compared with other currencies worldwide.
What is the current state of local currency settlement agreements?
The Bank of Thailand, in collaboration with Asian and Asean central banks, has…
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