Thailand, Japan sign local currency swap arrangement

Thailand, Japan sign local currency swap arrangement

The Bank of Thailand and Bank of Japan signs a bilateral local currency swap arrangement for three years. (Bangkok Post photo)
The Bank of Thailand and Bank of Japan signs a bilateral local currency swap arrangement for three years. (Bangkok Post photo)

The central banks of Thailand and Japan on Tuesday signed a bilateral local currency swap arrangement (BSA) to enhance the financial stability of the two countries, the Bank of Thailand said in a statement.

The arrangement allows for the exchange of local currencies between the two central banks of up to 240 billion baht or 800 billion yen, enabling them to provide baht or yen liquidity to eligible financial institutions in support of their cross-border operations, it said.

The BSA is effective as of March 31, for a period of three years.


Do you like the content of this article?
COMMENT (1)

6,397 new Covid cases, 18 more deaths

The country registered 18 more Covid-19 fatalities and 6,397 new cases during the previous 24 hours, the Public Health Ministry announced on Tuesday morning.

07:48

Easy ACL group stage draw for Pathum

Thai League 1 champions BG Pathum United were on Monday drawn in a relatively weak group in the AFC Champions League.

07:18

Thailand 16th among Google removal rank

Thailand has made 1,147 requests for Google to take down content since 2011 with 95.2% related to government criticism -- the highest rate in the world.

07:11