Listen to this articleThe Bank of Thailand (BoT) has stepped up regulatory oversight of inbound foreign exchange transactions to ease baht appreciation pressure and prevent misreported or undesirable capital inflows, a senior official said. Pimpan Charoenkwan, assistant governor for Financial Markets at the BoT, said the central bank has tightened rules governing the verification of documents for foreign currency sale transactions by residents, both individuals and legal entities. The tightened oversight aims to ensure that sources of foreign currency brought into the country are consistent with those declared and reduce the risk of undesirable or potentially illicit transactions. Under the revised rules, the enhanced scrutiny will cover the following cases: sale of foreign currency for baht and transfers into Foreign Currency Deposit (FCD) accounts; foreign currency proceeds from gold sales; and sale of foreign currency banknotes. As for foreign currency proceeds from gold sales, when commercial banks sell or receive foreign currency derived from such sales, they must verify documentation for the overseas sale of gold.

Source: Bangkok Post December 30, 2025 00:02 UTC