Bangkok, Aug. 5 -- The Bank of Thailand (BoT) plans to further relax foreign exchange regulations to facilitate business operations and strengthen the country's foreign exchange ecosystem in the long run, reported local media.

In the fourth quarter of this year, the central bank is scheduled to implement additional relaxations as part of the third phase of its foreign exchange ecosystem initiative, which will focus on easing regulations related to cash flows for Thai citizens.

Chananun Supadulya, Director of the BoT's Foreign Exchange Administration and Policy Department, said that key changes include raising the annual outflow limit from 50,000 to 200,000 USD, reducing restrictions on negative lists and modifying foreign exchange manag...