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BoT steps up measures to handle foreign capital influx

The Bank of Thailand (BoT) has prepared a number of measures to cope with a foreign capital influx while assuring that the current situation is still normal, with the baht remaining stable.

BoT Governor Prasarn Trairatvorakul said he has acknowledged the advice given by BoT Chairman Virabongsa Ramangkura that a step must be taken to handle the influx of foreign capital.

The BoT Governor indicated that the Chairman’s advice is in accord with the central bank’s direction to keep the foreign capital under control. He also reported that the scale of influx is not yet significant at present and that the Thai baht is still moving in line with other regional currencies.

According to Mr Prasarn, the BoT has already formulated several measures to ease the impact in case a huge capital influx occurs. They include facilitating Thai investors in investing overseas and opening sales of US dollars without limits on the sale amount.


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