AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
(From The Nation (Thailand))
Byline: The Nation.
Local and foreign banks told to report net positions every day
The Bank of Thailand (BOT) has urged Thai banks to adjust their net foreign exchange position at the end of each day, and foreign banks within the following day, a source in the financial community said yesterday.
Given the rapid strengthening of the baht, the central bank is taking a close look at the foreign currency trading of commercial banks by asking them to report their net foreign positions on a daily basis.
Deputy BOT Governor Atchana Waiquamdee yesterday said it wanted to know whether the banks' currency trading was normal in …