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Thailand, Japan renew bilateral local currency swap arrangement

March 30, 2023By Reuters

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 March 30, 2026, Thailand’s central bank said on Thursday.

The BSA allows for the exchange of local currencies between the two central banks of up to 240 billion baht (USD 7.02 billion) or 800 billion yen, enabling them to provide baht and yen liquidity to eligible financial institutions in Thailand and Japan, the Thai central bank said in a statement.

(Reporting by Orathai Sriring; Editing by Kanupriya Kapoor)

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