Currency
Issues related to currency and money exchange.
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12 May 2023
BoT mulls easing yuan-baht trade payment
The Bank of Thailand plans to relax rules for yuan-baht trade payment supporting local currency settlement, reducing reliance on the US dollar.
10 May 2023
Asean pact pushes local currencies
The cabinet has approved Asean's joint plans to push for the use of local currencies for payments in the region.
9 May 2023
Cabinet support for inter-Asean transactions in local currencies
The caretaker cabinet on Tuesday approved a draft declaration to promote use of local currencies in transactions between member states of the Association of Southeast Asian Nations.
27 Mar 2023
Regulator orders Zipmex to clarify deal payments
The Securities and Exchange Commission (SEC) on Monday ordered cryptocurrency exchange Zipmex to clarify news that emerged on Friday regarding its Singapore parent not receiving the latest payment under its buyout agreement with venture capital firm V Ventures Technologies.
1 Mar 2023
Baht tipped to strengthen after US rates peak
The baht is likely to recover and strengthen to 33-34 to the US dollar by the end of 2023, as the greenback could go into reverse and start to depreciate in six months, says SCB Chief Investment Office (CIO).
28 Feb 2023
Baht declines amid volatile markets
The baht fell to less than 35 against the US dollar on Monday and recorded its lowest level for two months, after being the most volatile currency traded in the region this year.
10 Feb 2023
Baht strength a risk to economy: Finance Minister Arkhom
The strengthening of the baht is a risk to Thailand's economy at the moment as it reduces export volumes, the finance minister said on Friday.
6 Feb 2023
Baht hits high-value products
High-value industrial products with few imported raw materials are expected to be the hardest hit as baht strengthens.
26 Jan 2023
Indonesia wants exporters to keep money at home
JAKARTA: Indonesia is formulating incentives for exporters to keep their foreign-exchange earnings onshore for at least three months, its chief economics minister said on Thursday.
12 Jan 2023
Baht boosted by foreign investors
The stronger baht is the result of foreign investors' confidence in Thailand, says Finance Minister Arkhom Termpittayapaisith.
