Krungthai invades the Middle East market

Bangkok, Krung Thai Bank invades the foreign money transfer market. In the Middle East, the currency "United Arab Emirates Dirham" - "Qatar Riyal" after piloting money transfer services. Saudi currency Mr. Rawin Bunyanusas, Executive of the Capital Market Money Market Business Department Krung Thai Bank revealed that in order to enhance international transactions. After a good response who used international money transfer services using Saudi Arabian riyals in the past year Therefore, we are opening the service for transferring money abroad into two additional local currencies, consisting of: 1.United Arab Emirates Dirham (AED) to support the free trade agreement between Thailand and the United Arab Emirates. Started last year For Thai products in expanding trade opportunities to the UAE market, it is Thailand's number 6 trading partner with a trade value of 680 billion baht last year. It is considered a group with high purchasing power and must rely on imports of goods from abroad. In addition, the Unite d States The Arab Emirates also has an open investment policy. It is an investment target for foreign investors. 2.Qatari Riyal (QAR) to support trade transactions with Qatar. Last year the value was more than 130 billion baht, especially natural gas and automobiles, including Qatari tourists who like to come to Thailand for medical treatment. In addition, it also supports Thai workers who travel to work in Qatar. and want to send income back to Thailand that tends to grow continuously This international money transfer service is available in the 3 local currencies mentioned above. Helps reduce currency risk Increase convenience, safety, and reach the recipient quickly. with appropriate fee rates Supports both corporate and individual customers. Those interested can learn more at or Krungthai Contact Center Tel. 02-111-1111. Source: Thai News Agency

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