# Thailand lifts cap on forex repatriation to temper baht rally

- Link: https://www.thailand-business-news.com/currencies/280891-thailand-lifts-cap-on-forex-repatriation-to-temper-baht-rally
- Published: 2026-01-28T09:15:00+07:00
- Author: Arun Upadhyaya

**Thailand loosens rules on foreign earnings, allowing up to $10 million per transaction
to be retained overseas.**

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## Key Points

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 * Thailand relaxes rules on foreign earnings
 * New threshold: $10 million per transaction
 * Eases baht pressure, cuts costs

### Introduction to New Regulations

Thai individuals and businesses can now **retain up to US$10 million per transaction**
in overseas income, a significant increase from the previous limit of US$1 million.
This change, announced by the Bank of Thailand’s assistant governor, **Pimpan Charoenkwan**,
aims to ease pressure on the Thai currency, the baht. The new threshold applies 
to approximately **92% of the total export value**, allowing for more flexible management
of earnings in US dollars.

### Rationale Behind the Change

The Bank of Thailand’s decision to **loosen rules on foreign earnings** is part 
of a broader effort to **restrain the baht’s strength**, which is seen as not aligned
with economic fundamentals. The currency has **gained 1.4% against the US dollar**
this year, making it the best performer in Asia. By enabling businesses to **hold
onto US dollars** without converting them into baht, the central bank hopes to **
reduce upward pressure on the baht** and cut cross-border transaction costs.

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### Implementation and Additional Measures

The new regulation, effective January 19, allows for **improved flexibility in managing
US dollar earnings**. Additionally, the Bank of Thailand is **tightening scrutiny
of foreign-currency inflows** and **oversight of gold transactions**, citing concerns
about the baht’s correlation with bullion prices. The central bank is also considering**
daily caps on baht-denominated bullion trading** to ease pressure on the local currency.
These measures aim to **empower foreign-exchange control officers** and promote 
a more stable currency market.

**Source** : [Thailand lifts cap on forex repatriation to temper baht rally](https://www.businesstimes.com.sg/international/asean/thailand-lifts-cap-forex-repatriation-temper-baht-rally?rand=157097)