TDRI calls for cancellation of capital control measures
Thailand Development Research Institute suggests the Bank of Thailand scrap the draconian 30-percent capital reserve requirement immediately and proposes a less harsh measure to curb the baht speculation.
TDRI proposed the Bank of Thailand reduce the requirement ratio from 30 per cent and start with a low level probably 2 per cent. And the requirement should be imposed in the entire capital market, which means the stock market should come under the measure as well. Chalongphob Sussangkarn, president of TDRI, said that the 30 per cent requirement would destroy the bond market in the long run. He would discuss with Prime Minister Surayud Chulanont tomorrow on this issue and would propose the BOT the TDRI proposal. The Nation
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