Thai central bank sets out timeline for forex reforms

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Veerathai Santiprabhob, Thai central bank governor

Thailand’s central bank announced a liberalisation of the country’s foreign exchange regime today (June 5).

Some of Thailand’s current forex regulations are “obsolete” and “one of the most important impediments” to increasing Thai competitiveness, governor Veerathai Santiprabhob says in a statement.

The changes form part of a foreign exchange regulation reform programme initiated in December 2016, the Bank of Thailand says, adding that this was the “starting point” for further liberalisation.