Bank of Thailand ‘closely monitoring’ weakest baht in 5 years
Central bank says it will further relax foreign exchange rules
FILE PHOTO: A man holds up a newly unveiled twenty baht polymer banknote at Bank of Thailand headquarters in Bangkok, Thailand, Jan 20, 2022. (Reuters)
The Bank of Thailand (BoT) on Thursday said the movement of the baht has had limited impact on inflation and the economy, after the currency reached its weakest rate against the US dollar for five years on Thursday.
“The Bank of Thailand is closely monitoring the situation and is ready to take care of the baht if necessary,” Assistant Governor Alisara Mahasandana told a virtual briefing.
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