Tags : Currency

News

Swiss firm sees continued baht rise

Swiss wealth and asset manager Lombard Odier is bullish on the baht, reckoning the currency will run up further to surpass 30 to the US dollar by year-end. Lombard Odier predicts the baht to keep rising to a range of 29.59-29.89 against the greenback by the end of 2019, said Homin Lee, head of portfolio […]Read More

News

Strong baht sends jitters through Thai export sector

Thailand’s private sector has expressed serious concern over the strengthening baht, which has rallied to its highest level against the US dollar for six years and may badly affect the country’s exports of agricultural produce and consumer products. The baht has gained 5.5% against the US dollar since January and now stands at 30-31 baht […]Read More

News

Bank of Thailand eyes measures to curb hot money

The Bank of Thailand (BoT) is set to implement measures to curb hot money following the baht’s rapid gain. “The measure is expected to be taken soon. The central bank already has measures to take care of the foreign exchange rate,” said Monetary Policy Committee secretary Titanun Mallikamas. Full story: Bangkok Post Somruedi Banchongduang BANGKOK […]Read More

Pattaya

Fake North Korean won seized in Pattaya

Police have arrested six suspects with fake North Korean banknotes amounting to 43 million won (1.57 million baht). Pol Col Pattana Preechanan, the chief investigator of Chon Buri police, said police had impersonated a currency trader to buy the counterfeit money from the suspects in Bang Lamung district of Chon Buri. Full story: Bangkok Post […]Read More

News

Bank of Thailand to issue digital currency

BANGKOK, 26th August 2018 (NNT) – The Bank of Thailand (BoT) is to issue its own digital currency for use in domestic wholesale funds transfers. The currency is expected to be built on an open source blockchain, said BoT Governor Veerathai Santiprabhob, who cited demand for faster transactions across banking networks. He said, like other […]Read More

Phuket

Russian Phuket expat hunted as mastermind of B100mn crypto fraud

PHUKET: A Russian expat living in Phuket is believed to be the mastermind behind the online foreign-currency exchange (‘Forex’) trading scam operated through the SiamOption.com website that has lured 1.4 million people to invest hundreds of millions of baht. The news was revealed by Tourist Police Deputy Commander Maj Gen Surachate Hakparn yesterday (Aug 15) […]Read More

Asia

Iran Replaces US Dollar with Euro for Official Reporting Currency

TEHRAN (Tasnim) – The Iranian cabinet on Wednesday approved a plan to replace the US dollar with euro in reporting foreign currency amounts. During a meeting chaired by Iranian President Hassan Rouhani in Tehran on Wednesday, the cabinet obliged all ministries, and governmental organizations and companies to use euro instead of US dollar as the […]Read More

Chiang Mai

Two American women arrested for suspicion of trying to change

Two women on vacation in Chiang Mai from California, have been arrested and their passports are being held after they were allegedly caught trying to exchange counterfeit dollars at a money changer. M. E. and D. P. landed in the country on Feb.16 and were planning a month long vacation through Thailand and Cambodia. Full […]Read More