Finance Minister Kittiratt Na-Ranong has again stepped up pressure on the Bank of Thailand, saying he feels uncomfortable with the baht's strength as it could cause exports to miss the 9% growth target.
"This year is an important year to begin to rebalance the country's economy. The baht's appreciation is a risk factor that needs to be watched as it may hurt the country's exports," the deputy prime minister said.
The baht, which is Asia's strongest currency this year, briefly gained beyond the 29-baht threshold level against the US dollar last week to a level unseen since it was devalued in July 1997.
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