Keenly awaited by corporate treasurers, a central bank digital currency between Hong Kong and Thailand has taken a further step towards becoming a reality.
Given EM’s increased dependency on FX debt, the world is in dire of need of the restructuring tools to deal with the potential fallout from rate tightening, Bank of Thailand chief warns.
As part of an extensive regulatory overhaul, the Bank of Thailand issues a brace of new relaxations to facilitate FX transactions under plans initiated in June.