Bank of Thailand


The Bank of Thailand is the central bank of Thailand.

History

The Bank of Thailand 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. The Bank of Thailand Act, B.E.2551 came into force on 4 March 2008.

Governors

The Governor of the Bank of Thailand is the highest position of the Bank of Thailand has a term of 5 years for a period of not more than two consecutive terms. The Minister of Finance will be the nominee and nominate to the Cabinet. When the Cabinet passed a resolution approving, would be presented to the King for His Majesty the King's signature and continued to be appointed.

List of governors

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.