Thai central bank to ease overseas investment rules to temper Thai baht

BANGKOK (Xinhua): The Thai central bank on Wednesday (Oct 14) said in its weekly press conference that it will ease overseas investment rules by early next year, allowing more capital outflow, to temper down the strong Thai baht currency.

The Bank of Thailand (BoT) will increase the limit on foreign currency deposits and allow money transfers between foreign currency deposits held by individuals and companies, said Mathee Supapongse, assistant governor of the Bank of Thailand (BOT).