Bank of Thailand

Bank of Thailand ธนาคารแห่งประเทศไทย (ธปท.)
Seal of the Bank of Thailand
Headquarters	Bangkok, Thailand
Governor	Tarisa Watanagase
Central Bank of	Kingdom of Thailand
Currency	Thai Baht
ISO 4217 Code	THB
Website	www.bot.or.th

The Bank of Thailand (Thai: ธนาคารแห่งประเทศไทย) is the central bank of Thailand.

History

The Bank of Thailand was start operations on December 10, 1942. It was first set up as the Thai National Banking Bureau. It was ever since led by a governor and four deputy governors.

H.H.Prince Vivadhanajaya was the first BOT governor. For the present Tarisa Watanagase was, on October 17, 2006, designated as the bank’s governor, replacing Pridiyathorn Devakula, who became finance minister.

Roles and Responsibilities

The bank of Thailand's mission is to provide a stable financial environment for sustainable economic growth in order to achieve continuous improvement in the standard of living of the people of Thailand.

It defines its roles as:^[1]

1. To promote monetary stability and formulate monetary policies.
2. To promote institutions’ stability and supervise financial institutions.
3. To provide banking facilities and recommend economic policies to the government.
4. To provide banking facilities for the financial institutions.
5. To manage the country’s international reserves.
6. To print and issue banknotes.

Since May 2000, the bank has targeted inflation, replacing money supply as the core of its monetary policy. Its current target for core inflation is 0%-3.5%.

Interest rates are designated by the Monetary Policy Committee, which comprises three officials from the Bank of Thailand and four other experts.

See also

• Thai baht
• Ministry of Finance (Thailand)
• Economy of Thailand
• Bank of Thailand Museum

References

External links

• Official website

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