Exchange Controls

The Exchange Control Act governs all matters involving foreign exchange through the Bank of Thailand. Since 1990 the rules have been relaxed and transactions can be performed without restriction with few exceptions.

There are no restrictions on the amount of foreign currency or negotiable instruments that a foreigner may bring into Thailand. However, all of the currencies and instruments must be exchanged for Thai baht or deposited into a foreign currency account with a commercial bank within seven days from the date of receipt or entry into the country.

Non-residents may open an account with any authorized bank in Thailand. They can deposit money brought from abroad or money earned in Thailand if they have a work permit.

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