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New moves likely to rein in the rising baht

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Breaking News. Image: GoodManPL (Pixabay).

POLICY yesterday signalled the launch of new measures to counter the baht appreciation as well as help affected businesses, as the currency moves towards the pre-devaluation level.

Prime Minister Abhisit Vejjajiva said in an interview in the US that Thailand may do more to relax limits on money outflows and boost support for exporters most affected by the strengthening currency.

Without being specific, Finance Minister Korn Chatikavanij said before leaving for the World Bank/International Monetary Fund conference in Washington DC that a decision would be made next week about the steps the government should take to ease the impact. Both the PM and Korn admitted that the baht is on an appreciation course.


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