The Federation of Thai Industries has called on the government to carefully manage the baht’s value. (Photo by Patipat Janthong)
The Federation of Thai Industries (FTI) has expressed serious concerns about the baht’s appreciation and its impact on the export sector, which covers farm produce, food and consumer products.
The FTI called on the government on Tuesday to carefully manage the baht’s value and its exchange rates in order to help local industries struggling to deal with the pandemic’s impact.
The appropriate rate is 32 baht per US dollar, the FTI said.
Chairman Supant Mongkolsuthree said the baht’s value has been getting stronger rapidly since early this year, rising from 33 baht to 30 baht per US dollar. This affects businesses and Thai entrepreneurs’ competitiveness in global markets, he…
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