Bank of Thailand relaxes forex regulation amid virus shock

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Thailand’s central bank has relaxed foreign exchange regulations again to curb the baht’s strength against the US dollar, at a time when most Asian currencies are depreciating against the greenback due to the coronavirus outbreak.

The Bank of Thailand (BoT) increased the threshold for proceeds that do not need to be repatriated to $1 million, up from $200,000. These relaxations, which include export proceeds and other income, became effective on March 2.

Those with export proceeds exceeding

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