The back of a 1000 Baht banknote, with the image of King Rama IX, H.M. Bhumibol Adulyadej

Central bank takes measures to deal with baht speculation

The Bank of Thailand is concerned about the rapid appreciation of the baht currency and has taken measures to curb speculative hot-money inflows, Assistant Governor Vachira Arromdee said today (Friday).

Effective July 22nd, limits on the outstanding balance of non-resident baht accounts (NRBA) and the non-resident baht accounts for securities (NRBS), which are opened with financial institutions in Thailand, will be reduced from 300 million baht to 200 million baht for each non-resident baht account.

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By Thai PBS World


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