Bank of Ayudhya (Krungsri) expects Thai importers to make greater use of Chinese yuan in international transactions, reflecting the growing volume of imports from China.
According to Hirotaka Kuroki, head of the global markets group at Krungsri, Thai importers and exporters have increasingly used currencies other than the US dollar, euro and yen, reflecting a shift towards multi-currency transactions. In particular, use of the yuan and Indian rupee has risen in line with Thailand's growing imports from China and expanding cross-border trade with the two countries.
