BOT revises rules to curb baht gains

The Bank of Thailand on Tuesday 7 November asked financial institutions not to sell baht bills of exchange to non-residents in an attempt to prevent speculation on the currency's appreciation.

``The Bank of Thailand seeks cooperation from financial institutions not to issue and sell Bills of Exchange in baht for all maturities to non-residents,'' it said in a faxed statement, Bloomberg reported.

The newswire said the one-page document outlines six revisions to regulations designed to tighten ov

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