BOT revokes capital control measure

The Bank of Thailand eventually decides to scrap the 30 per cent capital reserve requirement, effective on Monday.

The measure has been in place since December 18, 2006.

Ahead of the press conference at 4pm, Amara Sriphayak, senior director of the bank's domestic economy department, on Friday said that many factors support the removal.

 "There are many factors supporting the removal of the capital controls but we need to wait and see how to remove them and when," she said.

The Nation