BoT governor Veerathai SantiprabhobAlthough Thailand managed to avoid a place on the US watch list for currency manipulation, the Bank of Thailand is still wary on the matter after the US Treasury tightened its criteria, says the central bank's chief. Thailand cannot afford to be overconfident and the central bank will continue monitoring the situation, said governor Veerathai Santiprabhob. "Thailand was not included on the list, reflecting that we do not have a policy of currency intervention to gain a trade advantage," Mr Veerathai said. Thailand's trade surplus with the US stood at $12.9 billion last year, while the current account surplus was 7.4% of GDP. On Wednesday, the central bank in collaboration with 22 financial institutions and corporations introduced letter of guarantee (L/G) service on blockchain technology.

Source: Bangkok Post May 29, 2019 23:37 UTC