The current stronger value of the Thai currency is in line with those of neighbouring countries and will not affect the competitiveness of the export sector, Finance Minister Korn Chatikavanij said on Friday.
He said the country’s exports were gradually recovering and the figure for October was the best this year, but still down year on year. The improvement was not the result of a price war, but stemmed from the strengthened competitiveness of Thai exporters.
“The improvement also had nothing to do with exchange rates. It wasmainly due to the quality of Thai products,” Mr Korn said. The Bank of Thailand had curbed the value of the baht to prevent it from being too strong against the currencies of nearby countries.
The minister said he will before the end of this year recommend that the cabinet extend the life of the five relief measures. The current period ends on Dec 31.
Assistance low-income earners includes free travel on some public buses and economy class trains, free tap water and electricity for low volume users, and a freeze on the price of LPG for cooking.
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