Baht sinks on protests | Bangkok Post: business

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Baht sinks on protests

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Thailand’s baht touched an almost three-month low as protesters seeking to oust Prime Minister Yingluck Shinawatra vowed more unrest after clashes left four dead in Bangkok at the weekend. 

A tourists leaves a money exchange shop in Bangkok. The Thai currency drops almost a three-month low on Monday morning. (EPA file photo)

The currency fell after Bank of Thailand governor Prasarn Trairatvorakul said on Saturday the demonstrations affect consumption, investment and tourism. Anti-government protesters removed barriers surrounding Government House and the prime minister’s office, and police spokesman Pol Maj Gen Piya Utayo said tear gas was fired to repel them. Global funds pulled a net US$2.8 billion from Thai bonds and equities in November, official data show.

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