Economics

Thailand to Ease Capital Outflow Rules Again, Governor Says

Central bank steps to help exporters, insurance companies
Bank focused on baht movements, not specific level: Veerathai

Governor Veerathai Santiprabhob: the central bank will take further steps to ease restrictions on capital outflows.(Source: Bloomberg)

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By Suttinee (Ying) Yuvejwattana and Sunil Jagtiani

January 8, 2020 at 9:45 AM UTC

Updated on

January 9, 2020 at 2:15 AM UTC

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Thailand’s central bank will take further steps to ease restrictions on capital outflows in coming months as it tries to curb gains in the baht, Governor Veerathai Santiprabhob said.

The Bank of Thailand plans to increase the amount of proceeds exporters can hold overseas, liberalize foreign-currency deposit accounts and take steps to enable insurance companies to invest more abroad, Veerathai said in an interview Wednesday at his Bangkok office.