Government urged to halt baht gains | Bangkok Post: business

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Government urged to halt baht gains

Kittiratt counsels firms to look abroad, invest

  • Published: | Viewed: 2,456 | Comments: 3
  • Newspaper section: Business
  • Writer: Phusadee Arunmas & Wichit Chantanusornsiri
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Thai exporters and business leaders yesterday urged policymakers to take steps to stem the baht's appreciation in order to help protect the country's price competitiveness. 

But Finance Minister Kittiratt Na-Ranong played down the impact of the stronger currency on the overall economy and instead urged businesses to accelerate investment abroad.

The baht yesterday was quoted at 29.84/29.87 to the US dollar compared with 29.99/30.01 on Tuesday.

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