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]:
- Promote monetary stability and formulate monetary policies.
- Promote institutions’ stability and supervise financial institutions.
- Provide banking facilities and recommend economic policies to the government.
- Provide banking facilities for the financial institutions.
- Manage the country’s international reserves.
- 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.
[edit] See also
[edit] External link
- (Thai) (English) Bank of Thailand
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| 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 |
