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Bangkok Post

Business

BoT eases forex rules for stability

Thailand the Bank of Thailand Bank of Thailand China

The Bank of Thailand plans to further relax foreign exchange regulations to balance capital flows, seeking to stabilise the exchange rate over the long term.

The bank is allowing Thai individuals to invest up to US$10 million in offshore markets, up from $5 million now. The move should help to balance capital flows and manage baht-dollar volatility, said Bank of Thailand assistant governor and head of financial markets operations group Alisara Mahasandana.

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