Exchange Controls on Trading

Imports   
Commercial banks can approve payments for imports, where importers can make payments by foreign currency withdrawal from their own foreign currency deposit accounts at commercial banks, or buying foreign currency from commercial banks in an amount not exceeding the value of imports.  As such, commercial banks will require appropriate documents including invoices, bills of collection, import permits and other documents as appropriate.

Exports   
Exports are not subject to foreign exchange restrictions, however, export proceeds greater than a certain limit must be obtained within 120 days, and deposited in a foreign currency account or converted into Thai baht at a commercial within 15 days from date of receipt.