ID :
112510
Fri, 03/19/2010 - 08:50
Auther :
Shortlink :
http://m.oananews.org//node/112510
The shortlink copeid
Stronger baht reflects economic fundamentals in Thailand, says minister
BANGKOK, Mar 19 (TNA) – Finance Minister Korn Chatikavanij on Thursday revealed the continued strengthening of the baht stemmed from the strong economic fundamental of Thailand and the persistent trade deficit incurred by the United States.
Should the baht appreciate too much, he said, it would negatively impact Thailand’s overall economy.
Although the cost of imports would decline in price due to the stronger baht, exporters would experience greater difficulties.
The finance minister said the government will prompt investment by state enterprises that count on imported materials to support their projects as it could ease pressure on the baht value.
At present, Mr Korn said, the baht continues moving based on Thailand's [positive] economic fundamentals.
He said the appreciation of the baht would affect exporters to a certain extent, but would enable importers to buy products at lower prices.
The Ministry of Finance would not mind if the Monetary Policy Committee decided to raise the repurchase rate, Mr Korn said. (TNA)
Should the baht appreciate too much, he said, it would negatively impact Thailand’s overall economy.
Although the cost of imports would decline in price due to the stronger baht, exporters would experience greater difficulties.
The finance minister said the government will prompt investment by state enterprises that count on imported materials to support their projects as it could ease pressure on the baht value.
At present, Mr Korn said, the baht continues moving based on Thailand's [positive] economic fundamentals.
He said the appreciation of the baht would affect exporters to a certain extent, but would enable importers to buy products at lower prices.
The Ministry of Finance would not mind if the Monetary Policy Committee decided to raise the repurchase rate, Mr Korn said. (TNA)
