The Bank of Thailand announced on Tuesday it plans to further relax foreign exchange controls in the second half of the year to boost capital outflows amid a volatile baht.
Assistant governor Alisara Mahasandana told reporters that local investors would be given broader access to purchase foreign assets.
As part of these measures, the central bank noted in a statement that Thai retail investors will be able to invest up to US$10 million in foreign securities, up from US$5 million previously.
It was also said that certain international investors would be permitted to hedge foreign exchange risk with Thai financial institutions.
