Thailand Eases Exporter Currency Restrictions to Help Curb Baht Strength

(Bloomberg) -- Thailand's Cabinet agreed to scrap a
15-day deadline requiring exporters to convert foreign-exchange
earnings to the local currency to help curb strength in the baht.

Exporters and individuals can now hold foreign currencies
for as long as they want, the government said in a statement
distributed at a press conference. The government also extended
the time period in which Thai individuals and companies can hold
foreign-currency earnings offshore to 360 days from 120 days.


Read more at Bloomberg Currencies News