• Bank of Thailand relaxes
    exchange controls

Bank of Thailand relaxes exchange controls

07 November 2019

The Thai baht has been under pressure due to imbalanced capital flows in the current environment of highly uncertain and volatile external conditions. The Ministry of Finance and the Bank of Thailand have decided to relax regulations to facilitate capital outflows to help promote capital flow balance and lessen pressure on the Thai baht.

Four new measures have been announced effective 8 November 2019, relaxing rules regarding repatriation of export proceeds, investment in foreign securities, outward remittances and settlement of gold trading in foreign currencies.

Further details are contained in the Bank of Thailand's press release: Bank of Thailand press release.pdf