Thai CB amended the Foreign Exchange Control Officer's announcement on the prescription of criteria and procedures for foreign exchange (no. 34).
Aims to relax foreign exchange control measures to support development of new foreign exchange ecosystem and facilitate private sector international transactions.
Document dated Sep. 1, 2025, received from Thai CB Sep. 2, summarized on Sep. 5.
Amendments
Expands the annual remittance limit for gifts to individuals abroad from USD 50k to USD 200k.
Allows new outward transfer purposes that do not require prior Thai CB approval, including THB loans to affiliated overseas firms that are not financial institutions.
As well as allowing mutual funds and private funds to pay for digital assets abroad.
Introduce new special purpose non-resident THB account (SNA) for overseas entities to carry out specific purposes, such as borrowing or raising funds in THB, including by issuing THB-denominated bonds.
Thai CB has revised commercial bank practices related to foreign currency transactions to align with the relaxation of the above criteria.
Effectiveness
The announcement is effective from Dec. 1, 2025.
Regulators
Thai CB
Entity Types
Bank; Inv Co; MSB
Reference
Cir Lt 5494/2568, 9/1/2025;
Functions
Compliance; Financial; Operations; Treasury
Countries
Thailand; Cross-Border
Category
State
N/A
Products
Banking; Cryptocurrency; Fixed Income; Forex; Fund Mgt; Loan
