TITLE

Baht Appreciation To Counter Inflation

PUB. DATE
April 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Apr2005, Vol. 16 Issue 4, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports that the Thai baht has appreciated by more than 8 percent between September 2004 and January 2005. The Thai currency, along with other Asian currencies, has appreciated strongly against the American dollar since September 2004. The decision to allow the baht to appreciate marks a significant shift in exchange rate policy by the Thai monetary authorities, which since 2002 had been intervening heavily in the foreign exchange markets to prevent any appreciation. On a global level, the appreciation of the baht and other Asian currencies is welcome, since it aids a more orderly depreciation of the U.S. currency.
ACCESSION #
16606079

 

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