Period extension
The Bank of Thailand has extended to 15 days the period that exporters and foreign-income earners can hold their foreign-exchange income before selling it to commercial banks or authorised companies.
Earlier, they were obliged to sell their foreign-exchange income within five days of receiving it.The relaxation, which took effect last Friday, is aimed at facilitating the business sector in their currency management. This will benefit their businesses and the country's economic development alike, said the central bank. Anoma Srisukkasem The Nation
|
