The Bank of Thailand (BoT) said on Monday it had further relaxed foreign exchange regulations to allow for easier capital movement and risk management amid volatility as the baht hit a two-week low against the dollar.
The latest changes iinclude measures to reduce limits on transfers, facilitate hedging, and remove a requirement for supporting documents, the BoT said in a statement, and follow similar moves last year when forex measures were eased to encourage capital outflows and cope with volatility.
