Thailand relaxes capital controls

thailand-2
Thailand

The Bank of Thailand (BoT) has said it will relax foreign exchange regulations to make it easier for residents to acquire foreign assets, and for non-banks to buy and sell bahts.

The move aims to deepen Thailand's financial markets by allowing greater flexibility and diversification for both residents and non-residents, the BoT said on April 30 in a statement.

New rules

Under the new rules, which will be phased in over the next two years, residents will be allowed to hold up to $5 million in for

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