Thailand Set to Ease Rules on Outflows to Temper Currency Gain
- Bank of Thailand may unveil rules as early as 2021: Mathee
- Baht has rallied more than 6% from an 17-month low in April
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Thailand’s central bank plans to further ease overseas investment rules by early next year, allowing more capital outflows so as to temper gains in the export-reliant nation’s currency.
The Bank of Thailand may increase the limit on foreign currency deposits and allow money transfer between foreign currency deposits held by individuals and companies, Deputy Governor Mathee Supapongse told reporters in Bangkok on Wednesday. It is also weighing scrapping the curbs on the types of overseas investment allowed in the long term and may only cap the amount spent, he said.