Bank of Thailand plans to further relax foreign exchange rulesIn the fourth quarter, the Bank of Thailand (BoT) is scheduled to implement additional relaxations. (Photo: Seksan Rojjanametakun)The Bank of Thailand (BoT) plans to further ease foreign exchange regulations to support the ease of doing business and enhance the country's foreign exchange ecosystem in the long run. Key changes include raising the annual outflow limit from US$50,000 to $200,000, reducing restrictions on negative lists and modifying foreign exchange management rules under the national pooling method, according to Chananun Supadulya, director of the BoT's Foreign Exchange Administration and Policy Department. Additionally, the central bank will relax foreign exchange management rules for non-residents under the Non-Resident Qualified Company (NRQC) project. It is designed to support both businesses and investors by providing greater convenience in managing foreign exchange risks," she said.

Source: Bangkok Post August 02, 2024 14:06 UTC