# Bank of Thailand relaxes forex regulation amid virus shock - Central Banking

> The Bank of Thailand relaxed forex rules by raising the threshold for export proceeds that need not be repatriated from $200,000 to $1 million, effective March 2. The move aims to curb baht strength as most Asian currencies weaken on the coronavirus outbreak.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/54391-bank-of-thailand-relaxes-forex-regulation-amid-virus-shock-central-banking
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Easing repatriation rules weakens baht demand pressure, which tends to support the baht's dollar cost of feed imports for Thai buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/4762356/bank-of-thailand-relaxes-forex-regulation-amid-virus-shock

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.