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

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Somchai: BoT can oversee baht value

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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.

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