Under the act, the Bank of Thailand has the duty to manage international reserves and to maintain currency reserve in accordance with related laws to ensure the stability and confidence in the currency. Besides, the BOT also has the duty to design, print, issue, manage and oversee banknotes, in order to ensure that there are banknotes in an adequate circulating amount in line with demand by the economic system.

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The legal basis for exchange control in Thailand is derived from the Exchange Control Act (B.E. 2485) and Ministerial Regulation No. 13 (B.E. 2497) issued under the Exchange Control Act (B.E. 2485). These laws set out the principles of controlling, restricting, or prohibiting the execution of all exchange or other operations in which foreign currency is concerned in whatever form.

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“This Act aims to supervise the operation of payment systems and payment services for the purposes of stability, security and efficiency of the overall payment systems and in line with the international standard, including supporting payment innovations. The payment under the Act can be categorized into 3 groups; Highly Important Payment System, Designated Payment System and Designated Payment Service which the BOT has the power for supervision and oversight thereof. Any person who desires to operate a payment system or payment service prescribed by the Notification of Minister of Finance as the designated payment system or the designated payment service shall obtain a license from the Minister of Finance or register with the BOT.”​

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The objective of this act is to enhance the risk management measures of the financial institutions, to ensure the prudential and protect the damage which may result from the financial institutions undertaking. It also has the aim to maintain economic stability and entrust the depositors and the public by prescribing the good governance rules for any person who perform the duty of a director, a manager, an officer or a person with power of management of financial institutions.

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​Emergency Decree on Asset Management Companies, B.E.2541 (1998) was promulgated to provide registration mechanism of the asset management company, which will receive benefits of fee and tax exemption on purchasing or receiving transfer of non-performing assets, or collateral thereof, from financial institutions. In addition, the Bank of Thailand shall have the power to supervise the asset management company in accordance with the authorities specified in this emergency Decree.​

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Lending by the financial institutions requires sufficient information of financial statuses and payment histories of their customers i.e. what customers’ histories are and how much debt the customers have with other financial institutions. In the past, the financial institutions lacked such information; therefore, it had contributed to an increase of non-performing loans and a problem towards the financial institutions and the financial institution system as a whole.​​

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• Declaration of the Revolutionary Council No. 58  Download

• Ministry of Finance Notification Re: Business Subject to Approval to Clause 5 of the Revolutionary Council Decree 58 (Credit Card Business)  Download

• Ministry of Finance Notification Re: Business Subject to Approval to Clause 5 of the Revolutionary Council Decree 58 (Personal Loan Under Supervision)  Download

• Ministry of Finance Notification Re: Business Subject to Approval according to section 5 of the Declaration of the Revolutionary Council No. 58 (Nano-Finance for the occupation under supervision)  Download

• Ministry of Finance Notification Re: Business Subject to Approval according to section 5 of the Declaration of the Revolutionary Council No. 58 (Electronic System or Network Business for Peer-to-Peer Lending)  Download

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