Bank of Thailand
ThailandThe Bank of Thailand (BoT) is the Central Bank responsible for preserving the national economic and financial stability. Our key responsibilities in achieving the goal are as follows.
1. Monetary Policy: Formulating and implementing monetary policies to ensure price stability and support sustainable economic growth.
2. Financial Stability: Preserving financial stability to ensure that financial institutions can function effectively and prevent economic crises.
3. Supervision of Financial Institutions: Supervising and examining financial institutions to ensure their sound operation and risk management.
4. Payment Systems: Developing and promoting efficient payment systems to facilitate economic activities.
5. Banknotes Management: Ensuring an adequate supply of quality banknotes in circulation.
6. Foreign Exchange Management: Managing the country's foreign exchange rate and assets in the currency reserve.
7. International Cooperation: Collaborating with other central banks to enhance financial and economic stability.
Please see Our Roles for additional information
Geographical Jurisdiction
Financial Sector
Under the new Financial Landscape, the BoT supports the private sector to embrace technology and data to drive innovation for better financial services. There are 3 key directions: Open Competition, Open Infrastructure and Open Data.
- Open Competition: Open competition for both incumbents and new players e.g. introducing Virtual Bank licenses as new players and allowing more flexibility regarding the business scope of incumbents
- Open Infrastructure: Open access for various service providers to financial infrastructure at reasonable and fair costs e.g. reviewing the pricing structure of the Payment Systems
- Open Data: Open access to data utilization and empower customers as data’s owners e.g. promoting policy, regulations and adoption on Opening Banking
Please see Financial Landscape for additional information
The BoT has continuously promoted the development of financial innovation in the Thai financial sector. Over the past nine years, the Bank has operated a regulatory sandbox to provide a safe space for financial service providers to test new technologies. Most recently, this initiative has been expanded through the launch of the Enhanced Regulatory Sandbox, which introduces a new dimension: allowing financial service providers to test innovations that the Bank of Thailand has not yet regulated or permitted. This approach enables the Bank to better assess the potential benefits and risks of such innovations, and to inform the development of appropriate policies or regulatory guidelines.
Please see Regulatory Sandbox for additional information
Focus Area
1. Artificial Intelligence
▪ AI as a key-enabler for transformation - driving organizational change and rethinking workflows to fully leverage AI for both internal adoptions to pursue the Bank’s mandates and for the regulatory framework or guideline towards responsible AI usages in Thai financial sector.
▪ Talent development - building AI skills and capabilities within the organization
▪ Infrastructure & use cases - identifying platforms and practical applications to maximize AI benefits
2. Quantum Computing
▪ Innovation - use cases / applications of Quantum Computing in the financial industry and how financial regulators should prepare to address them
▪ Security - migration and prioritization to Post Quantum Cryptography (PQC) / quantum safe algorithm for internal IT systems e.g. how to ensure preparedness of 3rd Party Service Providers of critical infrastructures. This includes the PQC preparation for financial service providers in Thailand to be ready in a timely manner.
