Thailand eases foreign exchange rules to encourage outflows
Central bank seeks to cool down the baht, one of the fastest-appreciating Asian currencies
The Bank of Thailand has stepped up its efforts to cool the Thai baht by allowing more individual investors to invest directly in foreign securities.
Individuals with assets of between 50 million baht ($1.59 million) and 100 million baht can now invest up to $1 million per year in foreign securities without intermediaries, said Vachira Arromdee, assistant governor for market operations, in a statement published on February 1.
Previously, the Thai authorities only allowed investors with more
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