Thai central bank clamps down on baht speculation

The Bank of Thailand clamped down further on baht speculation on Monday, telling local banks it would start strictly enforcing a ban on one-day, tom/next and forward dollar/baht deals with offshore parties if there was no underlying commercial purpose.

The central bank said that for a three-day grace period from November 27 to November 29, Thai banks would be allowed to conduct one-day non-commercial deals with offshore players but would have to sell dollars obtained through such transactions to

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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