Bank of Thailand

Brief History

The Thai National Banking Bureau, set up in 1939 as a department of the Ministry of Finance, was the first organisation to assume central banking activities in Thailand. It started its operations on 24 June 1940. Its initial operations were limited to managing the issue of government bonds, taking deposits from and lending to the government, government agencies and commercial banks, transferring funds and exchange control. After the Second World War had spread to Asia, the Bank of

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