Bank of Thailand

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Bank of Thailand

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Bank of Thailand
273 Samsen Rd., Bangkhunprom
Bangkok 10200, Thailand
Tel. +66-2283-5353
Fax +66-2280-0449

Type: Government Agency
On the web: http://www.bot.or.th

The Bank of Thailand (BOT) serves as the central bank for the country. Tracing its roots back to 1939, BOT serves in a variety of central banking functions, including promoting monetary stability and policies, supervising financial institutions, providing banking facilities to the government and financial organizations, managing national reserves, and printing and issuing banknotes. Headquartered in Bangkok, BOT operates three regional offices which manage banking facilities, supervise foreign exchange control, and monitor economic conditions in their respective regional areas. BOT also has international representation in New York and London.

Officers:
Chairman and Governor: Banks & Credit Unions

Bank of Thailand

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Bank of Thailand

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Bank of Thailand
ธนาคารแห่งประเทศไทย
(ธปท.)

Seal of the Bank of Thailand

Headquarters

Bangkok, Thailand

Governor

Prasarn Trairatvorakul

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.

Contents

1 History
2 Roles and Responsibilities
3 See also
4 References
5 External links

History

The Bank of Thailand (BOT) was first set up as the Thai National Banking Bureau. The Bank of Thailand Act was promulgated on 28 April 1942 vesting upon the Bank of Thailand the responsibility for all central banking functions. The Bank of Thailand started operations on 10 December 1942.

The Bank of Thailand Act, B.E.2485 was later amended in order to put emphasis on BOT’s social responsibility, to create a mechanism to guard against economic crisis, as well as to set up BOT’s decision making process to ensure good governance and transparency in the organization. Moreover, members of the public will be able to audit and increase the understanding of the BOT’s operations. The Bank of Thailand Act, B.E.2551 came into force with effect from 4 March 2008.

List of Governors of the Bank of Thailand

H.H.Prince Vivadhanajaya (27 Nov.1942 - 16 Oct. 1946)
Mr. Serm Vinicchayakul (17 Oct. 1946 - 24 Nov. 1947)
Mr.Leng Srisomwongse (25 Nov.1947 - 2 Sept.1948)
H.H.Prince Vivadhanajaya (3 Sept.1948 - 2 Dec.1948)
Mr.Leng Srisomwongse (3 Dec.1948 - 3 Aug.1949)
M.L.Dej Snidvongs (4 Aug.1949 - 29 Feb.1952)
Mr.Serm Vinicchayakul (1 Mar. 1952 - 24 Jul. 1955)
Mr.Kasem Sriphayak (25 Jul. 1955 - 23 Jul. 1958)
Mr. Jote Guna-Kasem (24 Jul. 1958 - 3 May 1959)
Dr. Puey Ungphakorn (11 Jun. 1959 - 15 Aug. 1971)
Mr.Bisudhi Nimmanhaemin (16 Aug. 1971 - 23 May 1975)
Mr.Snoh Unakul (24 May 1975 - 31 Oct. 1979)
Mr.Nukul Prachuabmoh (1 Nov. 1979 - 13 Sep. 1984)
Mr.Kamchorn Sathirakul (14 Sep. 1984 - 5 Mar. 1990)
Mr.Chavalit Thanachanan (6 Mar. 1990 - 30 Sep. 1990)
Mr.Vijit Supinit (1 Oct. 1990 - 1 Jul. 1996)
Mr.Rerngchai Marakanond (13 Jul. 1996 - 28 Jul. 1997)
Mr.Chaiyawat Wibulswasdi (31 Jul. 1997 - 4 May 1998)
M.R.Chatu Mongol Sonakul (7 May 1998 - 30 May 2001)
M.R.Pridiyathorn Devakula (31 May 2001 - 6 Oct. 2006)
Mrs.Tarisa Watanagase (8 Nov. 2006 - 30 Sep. 2010)
Mr.Prasarn Trairatvorakul (1 Oct. 2010 - Present)

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]

Print and issue banknotes and other security documents
Promote monetary stability and formulate monetary policies
Manage the BOT’s assets
Provide banking facilities to the government and act as the registrar for the government bonds
Provide banking facilities for the financial institutions
Establish or Support the establishment of payment system
Supervise and examine the financial institutions
Manage the country’s foreign exchange rate under the foreign exchange system and manage assets in the currency reserve according to the Currency Act
Control the foreign exchange according to the exchange control act

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 0.5%-3.0%.

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

The Bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. ^[2]

References

External links

Official website

Central banks

Global

Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board

By continent

Africa	Bank of Central African States Central Bank of West African States Bank of Algeria Central Bank of Angola Bank of Botswana Bank of the Republic of Burundi Bank of Cape Verde Central Bank of the Comoros Central Bank of the Congo Central Bank of Djibouti Central Bank of Egypt Bank of Eritrea National Bank of Ethiopia Central Bank of The Gambia Bank of Ghana Central Bank of the Republic of Guinea Central Bank of Kenya Central Bank of Lesotho Central Bank of Liberia Central Bank of Libya Reserve Bank of Malawi Bank of Mauritius Bank Al-Maghrib Bank of Namibia Central Bank of Nigeria Bank of Somaliland South African Reserve Bank Bank of South Sudan Bank of Sudan Central Bank of Swaziland Bank of Tanzania Central Bank of Tunisia Bank of Uganda Bank of Zambia Reserve Bank of Zimbabwe

Americas	Central Bank of Argentina Central Bank of Aruba Central Bank of The Bahamas Central Bank of Barbados Central Bank of Brazil Bank of Canada Central Bank of Chile Bank of the Republic (Colombia) Central Bank of Cuba Central Bank of Curaçao and Sint Maarten Eastern Caribbean Central Bank Bank of the Republic of Haiti Central Bank of Honduras Bank of Jamaica Bank of Mexico Central Bank of Nicaragua Central Reserve Bank of Peru Central Bank of Suriname Central Bank of Trinidad and Tobago Federal Reserve System (United States) Central Bank of Venezuela

Asia	Da Afghanistan Bank Central Bank of Bahrain Bangladesh Bank Royal Monetary Authority of Bhutan Brunei Currency and Monetary Board National Bank of Cambodia People's Bank of China Hong Kong Monetary Authority Reserve Bank of India Bank Indonesia Central Bank of the Islamic Republic of Iran Central Bank of Iraq Bank of Israel Bank of Japan Central Bank of Jordan National Bank of Kazakhstan National Bank of the Kyrgyz Republic Bank of Korea Central Bank of the Democratic People's Republic of Korea Central Bank of Kuwait Banque du Liban Monetary Authority of Macao Bank Negara Malaysia Maldives Monetary Authority Bank of Mongolia Central Bank of Myanmar Nepal Rastra Bank Central Bank of Oman State Bank of Pakistan Palestine Monetary Authority Bangko Sentral ng Pilipinas Qatar Central Bank Monetary Authority of Singapore Central Bank of Sri Lanka Central Bank of Syria Central Bank of the Republic of China (Taiwan) Bank of Thailand Central Bank of the United Arab Emirates Central Bank of Uzbekistan State Bank of Vietnam

Europe	European Central Bank (Eurosystem) National Bank of the Republic of Abkhazia Bank of Albania Central Bank of Armenia Central Bank of Azerbaijan National Bank of the Republic of Belarus Central Bank of Bosnia and Herzegovina Bulgarian National Bank Croatian National Bank Czech National Bank Danmarks Nationalbank Bank of England Bank of Estonia National Bank of Georgia Hungarian National Bank Central Bank of Iceland Central Bank of Kosovo National Bank of Latvia Bank of Lithuania National Bank of the Republic of Macedonia National Bank of Moldova Central Bank of Montenegro Norges Bank Central Bank of the Turkish Republic of Northern Cyprus National Bank of Poland National Bank of Romania Central Bank of Russia National Bank of Serbia Sveriges Riksbank Swiss National Bank Central Bank of the Republic of Turkey National Bank of Ukraine

Oceania	Reserve Bank of Australia Reserve Bank of Fiji Reserve Bank of New Zealand Bank of Papua New Guinea Central Bank of Samoa Central Bank of Solomon Islands National Reserve Bank of Tonga

Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy

Implementation	Capital control Discount rate Interest rates Money creation Open market operations Sovereign wealth fund

Bretton Woods system

International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

Lists

List of central banks Central banks and currencies of Africa Central banks and currencies of the Caribbean Central banks and currencies of Central America and South America

Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

v t e Banking in Thailand

Central bank	Bank of Thailand

State Bank Group	Krung Thai Bank SME Bank of Thailand Islamic Bank of Thailand Bank for Agriculture and Agricultural Cooperatives EXIM Bank Government Savings Bank Government Housing Bank

Private banks	Bangkok Bank Bank of Ayudhya Kasikornbank Kiatnakin Bank GE Money Bank CIMB Thai Bank ICBC Thai TMB Bank Tisco Bank Siam Commercial Bank Thai Credit Bank Thanachart Bank Siam City Bank UOB Bank Land & House Bank Standard Chartered Bank

Foreign banks	ABN AMRO Bank of Tokyo Mitsubishi UFJ Citibank Thailand HSBC ANA Bank RHB Bank Bank of China

v t e Thailand currency and coinage

Topics	Thai baht Bank of Thailand Royal Thai Mint Economy of Thailand

Coinage	1 satang 5 satang 10 satang 25 satang 50 satang ฿1 ฿2 ฿5 ฿10 Commemorative coins of Thailand

Banknote	฿20 ฿50 ฿100 ฿500 ฿1,000

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