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Foreign Exchange Regulations > Measure to Prevent Thai Baht Speculation
Service Manager  VANAPORN (66(0)2283-5171)   NUCHANART (66(0)2283-5164)   
  Objectives & Principals 

Objectives 

To maintain the Thai Baht stability by limiting financial institutions from undertaking transactions in Thai Baht with non-residents without trade and investment in Thailand as underlying 

Measures to prevent Thai baht speculation comprise four sub-measures

1. Measures to Limit Thai Baht Liquidity

General rule : Domestic Financial Institutions are limited to provide Thai Baht Liquidity to Nonresident in the case of transaction undertaken without underlyings , the total outstanding balance executed by each financial institution shall not exceed 300 million Baht per group of Nonresident

2. Measures to Curb Capital Inflows

General rule : Domestic Financial Institutions are limited to borrow Thai borrowing or undertake transactions comparable to Thai Baht borrowing from NRs in the case of transaction undertaken without underlyings , the total outstanding balance executed by each financial institution shall not exceed 10 million Baht per group of Nonresident

3. Measures on NRBA account and NRBS account

General rule : NRBA account and NRBS account are limited  the outstanding balance at the end of each day not exceed 300 million Baht per Nonresident which included balances of all accounts opened by each Nonresident with all domestic financial institutions in Thailand and  domestic Financial Institutions refrain from paying interests to each account except opening NRBA account as fixed account with maturities of 6 months or over.

4. Measures on Non-Deliverable Forward (NDF)

General rule : Domestic Financial Institution are not allowed  to undertake NDF transactions against Thai Baht with Nonresidents


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