Thailand loosens rules on foreign earnings, allowing up to $10 million per transaction to be retained overseas. This change, announced by the Bank of Thailand’s assistant governor, Pimpan Charoenkwan, aims to ease pressure on the Thai currency, the baht. 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. 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. Source : Thailand lifts cap on forex repatriation to temper baht rallyADVERTISEMENT