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 Roles and Responsibilities of the Bank of Thailand​​

 

According to the Bank of Thailand (BOT) Act B.E.2485 as amended by B.E.2551.

1.  Print and issue banknotes and other security documents​

The BOT prints and issues banknotes and other security documents under the enforcement of the Currency Act and has sole rights to print and issue banknotes in the Kingdom.

2.  Promote monetary stability and formulate m​onetary policies.

The BOT implements monetary policy as specified by the Monetary Policy Committee as follows : mobilizing the deposits, determining the interest rate for loans to financial institutions, trading foreign exchange and exchanging for the future cash flow, borrowing foreign exchange in order to maintain the monetary stability, borrowing money in order to implement the monetary policy, trading securities as necessary and exchanging for the future cash flow in order to control the money supply in the country's financial system, and borrowing or lending the securities with or without returns.

3.  Manage the BOT's ​​assets

The BOT manages its assets (excluding the assets within the currency reserve according to the Currency Act) and invests such assets for returns by realizing the security, liquidity, return on asset, and management risks.

4.  Provide banking facilities to the ​government and act as the registrar for the government bonds

The BOT provides banking facilities to the government in terms of depository and lending facilities for the Ministry of Finance, acts as the custodian for the government, acts as the representative of the government for investment in assets and FX, trades and transfers the bill of exchange, securities, and share certificate, and controls and oversees FX.  In additions, the BOT may provide banking facilities to the state enterprise or other government agencies. Moreover, the BOT acts as the registrar for the government bonds by acting as the government representative in purchasing and selling government bonds, paying principal and interest, or acts as the registrar of state enterprises, specialized financial institutions, or other government agencies.

5.  Provide banking facilities for the fin​ancial institutions.

The BOT provide banking facilities for the financial institutions by acting as lender of the last resort for the financial institutions, acting as the custodian for the financial institutions, and ordering the financial institutions to report or explain about the assets, liabilities or contingent liabilities.

6.  Establish or Support the esta​blishment of payment system

The BOT establishes or supports the establishment of payment system, electronics clearing system, and administers such systems for safety and efficiency.

7.  Supervise and examine the financial i​nstitutions

The BOT supervises, examines, and analyzes the financial status and performance, and risk management system of the financial institutions in order to promote financial institutions stability.

8.  Manage the country's fore​​​ign exchan​ge rate under the foreign exchange system and manage assets in the currency reserve according to the Currency Act​.

9.  Control the foreign exchange according to the e​xchange control act.

 

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​​​ A. THE HEAD​​​​​ OFFICE

1.  Financial Markets Operations Group 

- Conducts BOT's Financial Markets Operations in compliance with monetary and exchange rate policies framework

- Manages the official foreign reserve  

- Monitors FX operations

2.  Monetary Policy Group

- Provides suggestions for conducting the monetary policy and foreign exchange policy

- Evaluates the impacts of related measures on the economic stability and growth

3.  Financial Institutions Policy Group

 - Formulates the regulatory policies and criteria for financial institutions supervision in compliance with the international standard in order to foster the stability and strength of financial institutions, and also their competitiveness in the market

4.  Supervision Group

- Supervises, examines, and analyzes performance and risk management of the financial institutions, and asset management companies in compliance with the international standard

-  Formulates the regulatory policies, examines, and analyzes performance and risk management of Special Financial Institutions

- Conducts Financial Consumer Protection

5. Payment Systems Policy and Financial Technology Group

- Formulate policies of promoting safety and efficiency in the National Payment Systems and Electronic Payment Service Business

- Supervises, examines, and analyzes performance and risk management of e-Payment service providers

- Monitors information technology risk of financial institutions, SFIs, non-banks and
e-Payment service providers

6. Human resources and Organization Development Group

 - Manages and develops the BOT's human resources and organization.

7.  Information Technology Group

- Develops and provides BOT’s Payment Systems (BAHTNET and ICAS)

- Maintains government agencies’ deposit accounts

- Handles bond operational processes

- Manages, evaluates, and analyses economic and financial statistics, financial institutions statistics, and payment statistics

- Undertakes BOT's Information Technology System.

- Drives and monitors data analytics

8.  Banknote Management Group

 - Prints, issues and manages banknotes and other security documents under the enforcement of the Currency Act.

9.  Planning and Budgeting Group

 - Operates the BOT's planning, budgeting and accounting

 - Promotes Financial Literacy

 - Supervises the operations of the BOT regional offices

10.  Management Assistance Group

 - Supports BOT’s general management systems in the area of law, facilities management and procurement, administration including security management

11. Internal Audit Group

 - Conducts independent appraisals of operations and working systems within BOT

12. Corporate Strategy and Relations Group

- Drives corporate strategy and international cooperation in accordance with national policies

- Deals with BOT’s public relations management

- Serves as the secretariat to the BOT Board and other committees

B. BANK OF THAILAN​​D REGIO​​NAL OFFICES under the supervision of Planning and Budgeting Group

The role of the regional offices is  to study, analyze and follow up the regions' economic and monetary conditions. Supervise banking and finance industry, protect financial consumers and control scope of banking industry in the regional areas.   Including a study and monitor of illegal financial activities and the financial status of any business groups impacting the economic and financial conditions of the local areas. These offices are as follows.

1. The Northern Region Office

​Located in Chiang Mai, covers the areas of Lampang, Phayao, Phrae, Nan, Chiang Mai, Chiang Rai, Lamphun, Phichit, Tak, Phisanulok, Mae Hong Son, Nakhon Sawan, Kamphaeng Phet, Sukhothai, Uttaradit, Phetchabun and Uthai Thani.

2. The Northeastern Region Office 

Located in Khon Kaen, covers the areas of Khon Kaen, Udon Thani, Nongkhai, Loei, Sakon Nakhon, Kalasin, Bueng Kan, Maha Sarakham, Roi Et, Nhong Bua Lumpoo, Nakhon Ratchasima, Chaiyaphum, Buriram, Surin, Yasothon, Ubon Ratchathani, Sisaket, Mukdahan, Nakhon Phanom and Umnajareon.

3. The Southern Region Office

Located in Hat Yai, Songkhla, covers the areas of Songkhla, Trang, Phattalung, Satun, Yala, Pattani, Narathiwat, Surat Thani, Chumphon, Nakhon Si Thammarat, Ranong, Phangnga, Krabi and Phuket.

C. BANKNOTE OPERAT​​​IONS CE​​NTERS  under the supervision of Banknote Management Group

The Banknote Operations Centers are responsible for managing and distributing new banknotes to local commercial banks, counting and disposing unfit banknotes, verifying damaged and counterfeit banknotes, and managing and controlling the redemption of damaged or mutilated banknotes to ensure that the banknotes in circulation are in good condition. A Banknote Operations Center in Bangkok and  nine Banknote Operations Centers are located in other regions across the country (Rayong, Chiang Mai, Phisanulok, Khon Kaen, Ubon Ratchathani, Nakhon Ratchasima, Surat Thani, Phangnga, and Hat yai).

 D. OVERSEAS REPRESE​​NTATIVE OFFICES  under the supervision of the Financial Markets  Operations Group

The overseas Representative Offices are responsible for studying, monitoring, and analyzing the general economic condition and technical developments aboard for the benefit of international reserve management, and contacting with financial institutions and foreign investors, and other assignments.  These offices are as follows.​

                1. The Bank of Thailand, New York Representative Office in USA

                2. The Bank of Thailand, London Representative Office in UK

​                3. The Bank of Thailand, Beijing Representative Office in People's Republic of China

​
​Last updated : 23 August 2017

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About BOT
  • Roles & History
  • Laws And Regulations
  • Organization And Executives
  • Committee
  • Financial Reports
  • Banknotes
  • Museum
Monetary Policy
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  • Monetary Policy Target
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  • MPC Meeting Results
  • MPC Publications
  • MPC Knowledge
  • Economic Conditions
  • Regional Economy
  • Research and Conference Papers
Financial Institutions
  • Financial Institutions Policy Committee
  • Thailand’s Financial Institutions​
  • BOT Roles and Responsibilities
  • Financial Institutions Supervision in Practice
  • Financial Institutions Policy
  • Supervision of Other Financial Corporations
  • Supervisory Coordination
Financial Markets
  • Monetary Operations
  • Financial Market Development
  • Foreign Exchange Market
  • Foreign Reserves Management
  • Foreign Exchange Regulations
  • Thai Reference Rate and LIBOR Transition
  • Bond Investor Registration
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  • Cross-border Payment
  • Financial Technology
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