The central bank imposed limits on funds entering the country to slow currency gains and protect exporters. Policy makers have gradually eased the controls, and last December lifted restrictions for real estate funds.
The Bank of Thailand sold about 1.3 trillion baht, or $39.5 billion, worth of bonds last year to financial institutions to absorb excess liquidity and curb the baht's appreciation, the deputy governor, Atchana Waiquamdee, said on Feb. 7.
