The Bank of Thailand will crack down on gray funds and gold trading to stabilize the Thai baht exchange rate.

       According to Thai media reports, the governor of the Bank of Thailand stated that the central bank will significantly expand its regulatory functions, focusing on cracking down on grey fund flows and strengthening the supervision of gold and crypto assets to stabilize the Thai baht and maintain macro - financial stability.

       Thailand's large - scale but long - term unregulated digital gold trading has a significant impact on exchange - rate fluctuations. The relevant trading volume accounts for about 50% to 60% of the gross domestic product. On trading days when the Thai baht strengthens, 45% to 62% of the domestic US dollar sales come from gold shops, amplifying exchange - rate fluctuations. The central bank is applying to the Ministry of Finance for authorization to require relevant transactions to be reported, and may impose restrictions on large - scale trading entities.

       In the fight against grey funds, commercial banks are required to report abnormal transactions to the central bank, including large - scale cash exchanges. Transactions involving the exchange of more than 1 million Thai baht in small - denomination banknotes in a single transaction will be under key monitoring. Foreign exchange inflows exceeding 200,000 US dollars need to report the source of funds, and the supervision of exchange institutions and e - wallet transfers will also be tightened. (Economic and Commercial Office of the Embassy of the People's Republic of China in the Kingdom of Thailand)