Baht Market Convergence Will Be Gradual

February 2008
Asia Monitor: South East Asia Monitor Volume 1;Feb2008, Vol. 19 Issue 2, p3
Country Report
The article reports on the plan of the Bank of Thailand (BoT) to gradually remove capital controls because it reduced the limit on foreign currency holdings in December 2007. However, BoT assistant governor Suchada Kirakul stated that domestic demand would still be fragile to lift all the capital controls. The author believed that BoT will further remove controls in 2008 because investor confidence is expected to improve after the election of an investor-friendly government.


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