Thailand and Japan renew bilateral swap agreement.

The size of the BSA remains at $3b or its equivalent in yen.

Thailand and Japan’s central banks have agreed to renew their existing bilateral swap agreement (BSA), 23 July.

The size of the BSA remains unchanged at a maximum of $3b or its equivalent in Japanese yen.

The BSA is a two-way arrangement that enables both authorities to swap their local currencies in exchange for the US dollar. 

The arrangement also enables Thailand to swap the Thai Baht against the Japanese yen, the Bank of Thailand (BOT) said in a statement posted on its website.