Thailand has ample foreign reserves to control fluctuation of baht's value, says FPO | Bangkok Post: Most recent

Most Recent >

Somchai: BoT can oversee baht value

- +

The Bank of Thailand is capable of preventing the baht from too much fluctuation, Somchai Sajjapongse, director general of the Fiscal Policy Office, said on Friday. 

The baht’s appreciation for two days in a row, to stand at 31.03 baht to the US dollar on Friday morning, was boosted by the political settlement in the US on the federal budget and debt ceiling, he said.

Even though the US problems had not yet been really resolved, as the debt ceiling was extended only to February 2014, this had made global economies feel more comfortable, he added.

Keep up-to-date with the latest on coup d'etat with Bangkok Post SMS News. Call *451391000 to subscribe – 39 baht/month (7 days free, available in Thailand only) Bangkok Post SMS News: Deliver only trustworthy news on SMS

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments