2 Overview of Thai banking system
Thai financial system has been established for many years. It plays an
important role in the economy of Thailand. The main organizations with
responsibility for policymaking and supervision of the financial system are the
Ministry of Finance (MOF) and the BOT. The BOT was established in 1939 and
was first called Thai National Banking Bureau. It changed to Bank of Thailand in
1942. BOT is responsible for printing and issuing banknotes, formulating
monetary policies, supervising and examining financial institutions, managing the
Ngo and Nguyen