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Wednesday, February 8, 2023

Baht boosted by foreign investors

People change money at a currency exchange in Bangkok. Pornprom Satrabhaya

The stronger baht is the result of foreign investors’ confidence in Thailand, says Finance Minister Arkhom Termpittayapaisith.

He said the appreciation of the baht is in line with the inflow of capital to the equity and bond markets, coupled with the country’s healthy fiscal stability.

Thailand also recorded a high level of foreign tourist arrivals, while the state budget disbursement for fiscal 2023 has met the target, said Mr Arkhom.

On Tuesday Krungthai Compass, a research unit under Krungthai Bank, forecast foreign arrivals for this year to tally 22.5 million, up from 10.2 million expected for 2022. Of the total, the unit anticipates 4.8 million…

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