Bank of Thailand

Bank of Thailand
ธนาคารแห่งประเทศไทย
Headquarters Phra Nakhon, Bangkok, Thailand
Established 1942 (1942)
Governor Veerathai Santiprabhob
Central bank of Kingdom of Thailand
Currency Thai baht
THB (ISO 4217)
Website www.bot.or.th

The Bank of Thailand (BOT) (Thai: ธนาคารแห่งประเทศไทย) is the central bank of Thailand.

History

The Bank of Thailand (BOT) 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.[1]

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.

List of governors

#NameTook OfficeLeft Office
1(1)Prince Vivadhanajaya27 Nov 194216 Oct 1946
2(1)Serm Vinicchayakul17 Oct 194624 Nov 1947
3(1)Leng Srisomwongse25 Nov 19472 Sep 1948
1(2)Prince Vivadhanajaya3 Sep 19482 Dec 1948
3(2)Leng Srisomwongse3 Dec 19483 Aug 1949
4Dej Snidvongs4 Aug 194929 Feb 1952
2(2)Serm Vinicchayakul1 Mar 195224 Jul 1955
5Kasem Sriphayak25 Jul 195523 Jul 1958
6Jote Guna-Kasem24 Jul 19583 May 1959
7Puey Ungphakorn11 Jun 195915 Aug 1971
8Bisudhi Nimmanhaemin16 Aug 197123 May 1975
9Snoh Unakul24 May 197531 Oct 1979
10Nukul Prachuabmoh1 Nov 197913 Sep 1984
11Kamchorn Sathirakul14 Sep 19845 Mar 1990
12Chavalit Thanachanan6 Mar 199030 Sep 1990
13Vijit Supinit1 Oct 19901 Jul 1996
14Rerngchai Marakanond13 Jul 199628 Jul 1997
15Chaiwat Wiboonsawat31 Jul 19974 May 1998
16M.R. Chatumongol Sonakul7 May 199830 May 2001
17M.R. Pridiyathorn Devakula31 May 20016 Oct 2006
18Tarisa Watanagase8 Nov 200630 Sep 2010
19Prasarn Trairatvorakul1 Oct 201030 Sep 2015
20Veerathai Santiprabhob1 Oct 2015incumbent

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.[2]

See also

References

  1. "List of Governors of the Bank of Thailand". Bank of Thailand (BOT). Bank of Thailand (BOT). Retrieved 1 February 2016.
  2. "Roles and Responsibilities of the Bank of Thailand". Bank of Thailand (BOT). Bank of Thailand (BOT). Retrieved 19 September 2015.
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