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.

Full story: thaipbsworld.com

By Thai PBS World