Print this article

Compliance Corner - Bank of Japan, Bank of Thailand

Editorial Staff

26 July 2018

Bank of Thailand, Bank of Japan
The signed the Amendment and Restatement Agreement of the fourth Bilateral Swap Arrangement (BSA).

The BSA is a two-way arrangement, in which both authorities are able to swap their local currencies (i.e., the Japanese Yen and the Thai Baht, respectively) for the US Dollar. 

This amendment additionally enables Thailand to swap its local currency against the Japanese Yen. The size of the money to be swapped stands unchanged, that is, up to $3 billion or equivalent for both countries.

The authorities of both countries believe the financial cooperation will contribute to the stability of financial markets, promote the use of local currencies and develop the growing economic and trade ties between Japan and Thailand.