Wednesday, May 9, 2007

Thailand Gives Exporters 15 Days to Convert Dollar Earnings; Baht Advance

(Bloomberg) -- Thailand's central bank has extended the period the nation's exporters have to convert their overseas earnings into the local currency.

Exporters will have 15 days to change their foreign currency earnings from a previous seven days, the central bank said in a circular posted on its Web site today. The move, which was effective May 4, will give exporters ``flexibility,'' the Bangkok- based Bank of Thailand said.


Read more at Bloomberg Currencies News

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