Thai c.bank to further relax foreign exchange rules this year

FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand. REUTERS/Jorge Silva

BANGKOK: Thailand's central bank on Tuesday said it would further relax foreign exchange regulations in the second half of this year, to encourage capital outflows amid a volatile baht affected by external factors.

The central bank would allow local investors to invest more in securities abroad, assistant governor Alisara Mahasandana told reporters.