ID :
139214
Wed, 08/25/2010 - 08:48
Auther :
Shortlink :
http://m.oananews.org//node/139214
The shortlink copeid
Finance minister expects baht to continue strengthening
BANGKOK, Aug 25 – Finance Minister Korn Chatikavanij on Tuesday predicted that the Thai baht will continue strengthening, but the trend will not affect Thailand’s export competitiveness because other currencies in the region are moving in the same direction.
“Undeniably, the baht has appreciated for a year and is very likely to continue strengthening,” he said.
What could have an impact on Thailand’s exports is the demand for purchases by its trading partners.
He said the current global economy is not as bad as in the previous two years, but it had not recovered as forecast earlier.
Since early this year, the baht has already strengthened by 5 per cent. (MCOT online news)
“Undeniably, the baht has appreciated for a year and is very likely to continue strengthening,” he said.
What could have an impact on Thailand’s exports is the demand for purchases by its trading partners.
He said the current global economy is not as bad as in the previous two years, but it had not recovered as forecast earlier.
Since early this year, the baht has already strengthened by 5 per cent. (MCOT online news)
