BoT says it has enough tools to handle volatility in baht

BoT says it has enough tools to handle volatility in baht

The Bank of Thailand has sufficient tools to handle an expected increase in volatility in the baht, stemming from factors such as global trade tensions and political uncertainties, an assistant governor said on Friday.

The BoT will ensure volatility in the currency will not affect financial stability and the business sector, Alisara Mahasandana told reporters on the sidelines of meetings of Southeast Asian finance ministers and central bank governors in Chiang Rai.

The BoT's duty is to find channels to help the business sector manage currency risks, including use of local currencies, she said.

On Friday, the central banks of Thailand, Malaysia, Indonesia and the Philippines signed three pairs of bilateral Letters of Intent (LOIs) on local currency settlement to promote trade and investment.


Do you like the content of this article?
COMMENT (7)

Bold vision

The newly appointed national poilce chief does things differently and plans to make big changes.

06:00

Special tourist visa

The Tourism Authority of Thailand has confirmed that the initiative to welcome foreign tourists back to Thailand under the Special Tourist Visa (STV) scheme will proceed.

05:00

'Snake ate deer' tale has minister hissing

The Natural Resources and Environment Minister has demanded authorities clarify the status of a one-year-old albino barking deer that went missing from a zoo in Songkhla in February, after the zoo on Thursday said the creature had been eaten by a snake.

04:33