Thailand has no intention of using the exchange rate as a tool to gain an unfair trade advantage and competitiveness over trading partners, says the Bank of Thailand.
The central bank’s comments came following the issue of a US Treasury Department report that placed Thailand on the “monitoring list” of 10 countries labelled potential currency manipulators. The other nine countries on the list are China, Japan, South Korea, Germany, Italy, Singapore, Malaysia, Taiwan, and India.
The US Treasury Department issued its report titled “Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States” on Dec 16.
According to the report, Thailand has been put on the monitoring list for having…
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