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BOT Press Release No. 1/2021


Relaxation of Foreign Exchange Regulations
Under the Non-resident Qualified Company Scheme (NRQC Scheme)

          Ms. Vachira Arromdee, Assistant Governor, Financial Markets Operations Group, revealed that the Bank of Thailand (BOT) is allowing greater flexibility for non-resident companies to conduct foreign exchange transactions against Thai baht with domestic financial institutions under the Non-resident Qualified Company Scheme (NRQC Scheme). Non-financial companies having trade and direct investment in Thailand participating in the NRQC Scheme will be entitled to the following benefits;

          1. Manage currency risks related to Thai baht more freely without having to provide proof of underlying for each transaction. The scope of eligible underlying transactions has also been broadened to include anticipatory hedging and balance sheet hedging.

          2. Manage Thai baht liquidity more flexibly without being subject to the end-of-day outstanding limit of THB 200 million imposed on Non-resident Baht Accounts (NRBA).

          Since the NRQC Scheme will facilitate non-resident companies to engage in foreign exchange transactions with domestic financial institutions more freely, the outstanding limit on Thai baht liquidity that domestic financial institutions may provide to non-residents without proof of underlying has been reduced as this channel has become less necessary and in order to support activities under the NRQC Scheme.

          The relaxation outlined above is part of the BOT’s effort to develop the country’s FX ecosystem through structural reform of the onshore foreign exchange market, aiming to increase the breadth and depth of the onshore foreign exchange market, as well as enhance market transparency and surveillance.

Bank of Thailand
5 January 2021

For further information, please contact : Financial Markets Operations Group
Tel : 0 2356 7639, 0 2283 5426


>>​Download​​ Press PDF

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About BOT
  • Roles & History
  • Laws And Regulations
  • Organization And Executives
  • Committee
  • Financial Reports
  • Banknotes
  • Museum
Monetary Policy
  • Monetary Policy Committee (MPC)
  • Monetary Policy Target
  • Schedule of Meetings
  • 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
Payment Systems
  • Payment Systems Committee (PSC)
  • Payment Systems Policy
  • Oversight of Payment Systems
  • Payment Systems Act
  • Oversight of e-Payment Service Providers
  • BOT's Payment System Services
  • Payment Systems Standards
  • Payment Systems Notification & Circulars
  • Cross-border Payment
  • Financial Technology
Statistics
  • Financial Markets
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