Renewal of Bilateral Local Currency Swap Arrangement between Bank of Thailand and Bank of Japan
The Bank of Thailand and the Bank of Japan have renewed the Bilateral Local Currency Swap Arrangement (BSA), first signed in 2020, for a three-year period until 30 March 2026.
The BSA is designed to enhance the financial stability of the two countries. It allows for the exchange of local currencies between the two central banks of up to THB 240 billion or JPY 800 billion, thereby enabling them to provide Thai Baht or Japanese Yen liquidity to eligible financial institutions in Thailand and Japan.
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