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Yingluck says no change to baht policyThailand's policy of allowing the baht to float freely will be maintained under its new government, Prime Minister elect Yingluck Shinawatra said on Thursday. The Bank of Thailand broadly lets market forces determine the level of the baht, More… |
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Indian, Thai, Korean currencies fallThe Indian and Thai central banks intervened on Monday to stem losses in the rupee and baht triggered by soaring world oil prices and more foreign selling in their respective stock markets. The South Korean won down 9.4 percent so far this More… |
Surging baht drives exporters to the wallNaris Wongsanthitham is stressed. His small wood company in rural Thailand is facing ruin because of the breakneck rise of the baht against the dollar and all he gets from the government is permission to open a dollar bank account and a se More… |
