Bank of Thailand eases rules to temper currency

Commuters wearing protective masks travel by train in Bangkok, Thailand. The Bank of Thailand on Friday (Feb 28) eased some foreign-exchange rules as part of a previously announced plan to temper the baht. - Bloomberg

BANGKOK: The Bank of Thailand eased some foreign-exchange rules as part of a previously announced plan to temper the baht.

The threshold for proceeds that do not need to be repatriated rises to US$1mil from the current US$200,000, effective March 2, the central bank said in a statement Friday, adding that the "relaxation includes not only export proceeds but also other income as well.”