BoT closely manages baht value

BANGKOK, July 15 – The Bank of Thailand (BoT) gave assurances today that it was keeping the value of the baht at a the level that would neither obstruct Thai economic growth and trade nor affect confidence.

BoT governor Prasarn Trairatvorakul said that the BoT tried to make foreign exchange rates reflect the economic fundamentals of the country and to prevent the baht from drastically changing a that would obstruct the economy.

Read more: MCOT