Thailand’s Non-resident accounts under surveillance

The Bank of Thailand has tightened its rein on securities companies’ non-resident accounts as part of its efforts to control the baht’s volatility.

Thailand urged to change his currency policy to curb rising Baht

Thailand and other Southeast Asian nations are being strongly urged to change their foreign-exchange policy, given that major Western currencies could further lose their shine, due to massive public debt.

Foreign reserves up 29%, to 142 billion USD in 2009

Thailand’s foreign reserves of US$142.4 billion at end-2009 represented a 28.61 per cent increase from the previous year, or about $31.68 billion. The Bank of Thailand attributed the increase to foreign assets, 27.53 per cent to $137.6 trillion as of January. Gold value stood at $2.9 billion.