Thai Banks to Declare Transactions of $200,000 And Up

The Bank of Thailand has instructed commercial banks and state-owned financial institutions to declare foreign currency transactions of $200,000 and above to help it manage the baht’s persistent appreciation.

It’s the latest in a series of measures the central bank has taken to address the strength of the baht, which has weighed on the nation’s export and tourism sectors. The Thai baht has risen nearly 10% this year, the second-best performer in Asia.