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Thai Central Bank Proposes New FX Rules to Ease Pressure on Baht - BLOOMBERG
The Bank of Thailand plans to roll out additional measures to ease appreciation pressure on the baht and tighten oversight of gold-related foreign-exchange transactions after the currency strengthened about 1% over the past week.
The local currency’s gains were driven by a weaker US dollar and increased foreign exchange selling from exporters; bond inflows; and gold traders amid a more than 4% jump in global bullion prices, Pimpan Charoenkwan, assistant governor for the central bank’s financial markets, said in a statement on Monday.
