The Bank of Thailand (BoT) intervened in the foreign exchange market after the baht declined 0.5% to 31.08 to the US dollar on Thursday morning, as the Thai stock market plunged for the third consecutive day.
Finance Minister Kittiratt Na Ranong (left) and Central Bank governor Prasarn Trairatvorakul at Euromoney Conference: The Greater Mekong Investment Forum in Bangkok. (Photo by Apichart Jinakul).
Central Bank governor Prasarn Trairatvorakul said the baht's recent depreciation was not worrying because other currencies in Southeast Asia had also weakened.
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