Thailand to strengthen controls on gold trading to curb baht rise, central bank chief says

Thailand to strengthen controls on gold trading to curb baht rise, central bank chief says

Asia One·2026-01-28 15:17

BANGKOK — Thailand will impose controls on gold trading as it bids to tackle its overvalued baht currency and ease pressures on economic growth, central bank governor Vitai Ratanakorn said on Wednesday (Jan 28).

The baht has gained about 1.5 per cent against the dollar so far this year after a nine per cent rise in 2025, threatening the competitiveness of the export and tourism sectors.

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