Bank of Thailand: Strong Baht unlikely to adversely affect economy.
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
BANKING

Bank of Thailand: Strong Baht unlikely to adversely affect economy.

Bank of Thailand: Strong Baht unlikely to adversely affect economy. According to TNA , Bank of Thailand's Governor Tarisa Watanagase last week said that though the Baht had appreciated by around 12.8% this year, against the US dollar, this would not adversely affect Thailand. While this appreciation would have an effect on exports, the economy is expected to grow steadily because of good growth in the economies of Thailand's trading partners. As a protection against exchange rate fluctuations, Watanagase urged the private sector to improve efficiency and to give due consideration to currency risk management.

Gift this article