Thailand Bank: Borrowing Thai Baht from a Thai Bank

January 27 2010 Categories: Exchange Control, Thailand Banking No comments yet

May a foreign Non Resident borrow in Thai Baht from a Thai Bank?

The question whether foreign Non-Resident may borrow in THB from Thai banks is another issue that generates a lot of confusion.

According to the Bank of Thailand, Thai Banks may not lend Thai Baht to foreign Non Residents but for a few exceptions as follows:

Read more…

Originally posted 2009-08-02 07:16:25.

Thailand Bank: Foreign Exchange Control Regulations

January 16 2010 Categories: Exchange Control, Thailand Banking No comments yet

Is there any limitation as to the amount of foreign currency you may bring in?

You may transfer foreign currency into Thailand or bring it in cash without any limit.

However if you bring into Thailand in cash an aggregate amount of foreign currency exceeding USD 20,000 or its equivalent you must declare it to a customs officer and it you transfer foreign currency exceeding USD 20,000 or its equivalent you will need to file a Foreign Exchange Transaction Form (“FETF”).

Read more…

Originally posted 2009-08-02 06:44:07.