New FX Rules Unlikely To Curb Thai Baht

September 2007
Asia Monitor: South East Asia Monitor Volume 1;Sep2007, Vol. 18 Issue 9, p3
Country Report
Country Report
The article reports on the newly approved set of regulations concerning the development of Thailand's foreign currency. Finance Minister Chalongphob Sussangkarn states that the new measures do not aim to make their currency stronger of weaker, but, encourage people to acquire more currency. Among the regulations imposed address the abolishment of the 15 day deadline which requires exporters to convert foreign exchange earnings to local currency.


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