Thailand relaxes FX controls
The Bank of Thailand on Tuesday announced measures to relax foreign-exchange regulations in an attempt to curb the baht's appreciation against the dollar.
The baht has climbed from Bt36.24 against the greenback as of 2 March last year to Bt30.12 as of Tuesday. The 16.8% appreciation prompted the Thai finance ministry to propose a raft of measures in mid-September, on which the central bank on Tuesday published rules and practices.
The finance ministry rules involved:
• relaxing regulations on
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