Thailand raises threshold to 1 million US dollars for repatriation

Bank of Thailand steps in to curb recent baht strength

Bank of Thailand steps in to curb recent baht strength Bank of Thailand accelerates measures to advance the development of the new Thai FX Ecosystem and to limit excessive currency volatilities In a press release published on the 20th of November, the central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation…

Thai central bank issues $1.6B in government bonds on IBM blockchain

Thai central bank issues $1.6B in government bonds on IBM blockchain The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform. The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology. Within two weeks of the launch, the central bank sold more than…

Central bank sees low level of inflation

Central bank sees low level of inflation Headline inflation should remain at a low level for a period of time, though there is high uncertainty surrounding its path, the Bank of Thailand’s chief said in an open letter to the finance minister. The central bank’s rate-setting Monetary Policy Committee (MPC) has projected headline inflation over…