Tags : Thai Baht

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The rewards (and risks) of Thailand’s big bet on cryptocurrency

As more people and businesses invest in digital currencies, the Bank of Thailand (BOT) faces the delicate task of trying to balance financial stability and investor protection on the one hand while promoting innovation in financial services on the other. Determined to push ahead, the BOT began piloting its own prototype digital currency scheme last […]Read More

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BOT Warns against Usage of Thai Baht Digital (THT)

BANGKOK (NNT) – The Bank of Thailand is warning people to refrain from participating in any activities involving Thai Baht Digital (THT), as there are no legal assurances or protection with it and users could be at risk of cyber-theft or money laundering. BOT assistant governor Pruettipong Srimachand said any activities involving the new stablecoin […]Read More

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New 100 banknotes cause confusion among Thais

A new set of Thai banknotes, to commemorate the anniversary of His Majesty the King’s coronation, have been released. The 1,000 baht note is larger than its original size and is printed in a portrait orientation in 3D magnetic ink, to prevent counterfeiting. The 100 baht note is printed using the same technology. Both new […]Read More

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German killed in fall from Bangkok condo

Phra Khanong police were called on Friday night to a condominium block on Sukhumvit Soi 79 following a report that man had fallen from the 27th floor. They were joined at the scene by rescue volunteers and medical examiners from Chulalongkorn Hospital, where they discovered the body of a Caucasian male, approximately 180 cm. high, […]Read More

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FTI hopes for further cut in policy interest rate to

The Federation of Thai Industries (FTI) is hoping that the Monetary Policy Committee of the Bank of Thailand will make another cut in the policy interest rate, currently set at 1.5%, to prevent the baht currency from strengthening further. FTI vice president Mr. Kriangkrai Thiennukul said today that the FTI is seriously concerned that several […]Read More

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BOT urges hedging to counter unpredictable baht

The Bank of Thailand (BOT), under pressure to make a further cut to its policy rate, has warned businesses that the stubbornly strong baht could move in either direction despite this week’s action to reduce the benchmark rate. The central bank’s assistant governor, Chantavarn Sucharitakul, on Friday issued the statement that the currency could move […]Read More

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Thailand’s Central Bank Cuts Policy Interest Rate to 1.5 %

BANGKOK, Aug 7 (TNA) – The Bank of Thailand (BOT) cuts its policy interest rate for the first time in more than four years, down from 1.75 to 1.5 percent. Members of the central bank’s Monetary Policy Committee (MPC) voted 5 to 2 to lower the interest rate at its meeting on Wednesday. Full story: […]Read More

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KBank sees strong baht until year-end

The baht is expected to remain firm to the US dollar for the remainder of this year as offshore funds continue flowing into long-term Thai bonds, even though the Bank of Thailand recently imposed measures to curb the inflows, says a Kasikornbank (KBank) senior executive. The central bank’s measure to narrow the cap on the […]Read More