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)

Flood warning for Mae Klong communities

KANCHANABURI: Communities on both sides of the Mae Klong river have been warned of possible flooding as more water is being released from Mae Kong Dam in Tha Muang district.

10:01

Legacy of racism touches election, everyday life in US South

CHARLESTON, US: On one side, a General Robert E Lee look-alike waves a large Confederate flag, facing off against counter-protesters on the other bearing placards that say "Racism kills" and "KKK Go Away."

09:45

TCT urges dialogue

Tourism operators are urging the government to engage in a dialogue with protesters without triggering another coup, as that would bury the economy.

09:02