October 2003
Asia Monitor: South East Asia Monitor Volume 1;Oct2003, Vol. 14 Issue 10, p1
Country Report
Country Report
The article focuses on Thailand business environment. The Bank of Thailand has introduced some capital-account controls aimed at curbing currency speculation. On September 11, 2001 the bank's policy committee banned Thai banks from accepting short-term deposits of more than THB50mn from non-resident investors. The previous week, Thailand ruled that securities could not be lent to offshore players. Both measures are aimed at curbing speculative flows into the Thai currency, the baht, which, so far this year, has appreciated by more 6% against the US dollar.


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