|
|
| • EXCH RATES |
|
Baht/$ 33.57/62
Bid/Ask
|
GOLD |
14,000
Unchanged
|
|
INBrief
FINANCE: The Bank of Thailand posted an audited loss of 10.47 billion baht for 2007, largely from foreign-exchange losses of 14.4 billion.
Auditors said additional losses of 8.788 billion baht were possible for 2008 as a result of forward contracts taken in 2007. The estimates are based on the bank's outstanding dollar, yen, euro and UK pound contracts against exchange rates as of Dec 31, 2007.
Interest expenses for 2007 totalled 47.43 billion baht on debt issues of 1.37 trillion made to manage market liquidity and sterilise capital flows.
Aassets as of Dec 31 were 1.99 trillion baht, up 193.28 billion from the year before. Liabilities were 2.06 trillion baht, up 190.87 billion. Revenues were 78.57 billion baht and expenditures 89 billion for a net loss of 10.47 billion. The central bank had a net loss of 102.28 billion baht in 2006, almost entirely as a result of currency market intervention.
The central bank had investment gains of 12.87 billion baht last year.
Prev
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Next
