Thai central bank is 'taking action' on baht, worried by rapid rise
Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16).
It is worried about the currency’s rapid rise and is tightening gold-related transactions, he said in a statement.
The strong baht is driven by a weak dollar and fund inflows, he added.
The Bank of Thailand has asked commercial banks to monitor foreign currency inflows, the statement said. REUTERS
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Vanity Fair Fashion.
