After the rapid appreciation of the Thai baht this month, the Bank of Thailand ordered strict inspection of foreign exchange transactions involving the sale of US dollars, especially those related to gold, to curb capital inflows. “We will step up scrutiny of dollar sales transactions to prevent unpopular or unbusiness-related capital from flowing into the country,” Governor Vitai Ratanakorn said in a statement on Tuesday. “Commercial banks will be required to closely monitor foreign exchange inflows.” As the Thai baht exchange rate hit a four-year high on Monday, the Bank of Thailand issued a statement for the second day in a row in response to the rise in the Thai baht, highlighting the urgency of the situation. A stronger Thai baht will impact the country's exports and tourism.

After the rapid appreciation of the Thai baht this month, the Bank of Thailand ordered strict inspection of foreign exchange transactions involving the sale of US dollars, especially those related to gold, to curb capital inflows. “We will step up scrutiny of dollar sales transactions to prevent unpopular or unbusiness-related capital from flowing into the country,” Governor Vitai Ratanakorn said in a statement on Tuesday. “Commercial banks will be required to closely monitor foreign exchange inflows.” As the Thai baht exchange rate hit a four-year high on Monday, the Bank of Thailand issued a statement for the second day in a row in response to the rise in the Thai baht, highlighting the urgency of the situation. A stronger Thai baht will impact the country's exports and tourism.