Thread: BOT promotes Thai-Chinese currency exchange

BANGKOK, 6 February 2018 (NNT) - The Bank of Thailand (BOT) is supporting trade between Thailand and China by enabling more currency exchange channels between the two countries to reduce transaction fees.

The BOT revealed that China will expand direct exchange of Chinese yuan and the Thai baht nationwide to promote more liquidity and provide businesses with an additional currency option when purchasing goods and service, which can reduce exposure to currency volatility.

In addition to supporting the Chinese currency, the BOT is also working with Malaysia, Indonesia, Japan, and CLMV countries to expand currency trading.

National News Bureau Of Thailand | BOT promotes Thai-Chinese currency exchange

Chinese making this proposal throughout region. Makes sense given the amount of China/Thai trade.

Drag on as yanqui unbrokebacked greenback is increasingly seen as over valued

Bit of a trend here.