The Bank of Thailand is looking to regulate gold trading
- It suspects gold imports have been used to speculate on exchange rates
- BOT wants gold brokers and traders to disclose information about their transactions outside the Thai futures exchange
BOT Governor Prasarn Trairatvoraku:
“The BOT has been consulting with the Finance Ministry and the Securities and Exchange Commission on how to regulate trading of gold-forward contracts in order to make them transparent and protect the interests of ordinary investors,”
Asked whether the authority may impose some measures to limit imports of gold as the Indian government does to address its current-account deficit, Prasarn replied that it was not necessary.
