Thai central bank allows local investors to invest more abroad
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[BANGKOK] Thailand's central bank said on Monday it had further relaxed capital outflow rules, raising the limit that Thai investors can invest overseas to US$100 billion from US$75 billion currently, at a time of a strong baht.
The changes apply to institutional investors and agencies, such as funds and brokerages, under the supervision of the Securities and Exchange Commission, the central bank said in a statement.
The baht has appreciated by 7.9 per cent against the US dollar so far this year, becoming Asia's best performing currency.
REUTERS
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