Bank of Thailand

From Wikipedia, the free encyclopedia

The Bank of Thailand (Thai: ธนาคารแห่งประเทศไทย) is the central bank of the Kingdom of Thailand.

The Bank of Thailand began operations on December 10, 1942. It is led by a governor and four deputy governors.

Tarisa Watanagase was named on October 17, 2006, as the bank’s governor, replacing Pridiyathorn Devakula, who became finance minister.

It defines its roles as[1]:

  1. Promote monetary stability and formulate monetary policies.
  2. Promote institutions’ stability and supervise financial institutions.
  3. Provide banking facilities and recommend economic policies to the government.
  4. Provide banking facilities for the financial institutions.
  5. Manage the country’s international reserves.
  6. Print and issue banknotes.

Since May 2000, the bank has targeted inflation, rather than monetary aggregates, in setting its monetary policy. Its current target for inflation is 0%-3.5%.

Interest rates are decided by the Monetary Policy Committee, which comprises three officials from the Bank of Thailand and four outside experts.


v • d • e
Thailand currency and coinage
Topics Thai baht · Bank of Thailand · Economy of Thailand
Coinage 1 satang · 5 satang · 10 satang · Salung · 2 Salung · ฿1 · ฿2 · ฿5 · ฿10
Currency ฿20 · ฿50 · ฿100 · ฿500 · ฿1,000
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