Thailand will continue to let the baht appreciate against the dollar to limit import price inflation, the country's incoming prime minister, Yingluck Shinawatra, told the Wall Street Journal in an interview published on Thursday. Yingluck also told the newspaper she would continue to allow the baht to float freely and had no plans to change the existing exchange-rate system. Suchart Thadathamrongvej, an economic advisor and possible Finance Minister candidate for Yingluck's Puea Thai Party, had told Reuters on Monday that Thailand should move to a managed fixed exchange-rate system for the baht, like China or Singapore, pegging the baht to a basket of currencies.
2011-07-08
Global News: Thailand's Yingluck says to let baht appreciate: report
(News resource: Reuters, July 7, 2011)
Thailand will continue to let the baht appreciate against the dollar to limit import price inflation, the country's incoming prime minister, Yingluck Shinawatra, told the Wall Street Journal in an interview published on Thursday. Yingluck also told the newspaper she would continue to allow the baht to float freely and had no plans to change the existing exchange-rate system. Suchart Thadathamrongvej, an economic advisor and possible Finance Minister candidate for Yingluck's Puea Thai Party, had told Reuters on Monday that Thailand should move to a managed fixed exchange-rate system for the baht, like China or Singapore, pegging the baht to a basket of currencies.
Thailand will continue to let the baht appreciate against the dollar to limit import price inflation, the country's incoming prime minister, Yingluck Shinawatra, told the Wall Street Journal in an interview published on Thursday. Yingluck also told the newspaper she would continue to allow the baht to float freely and had no plans to change the existing exchange-rate system. Suchart Thadathamrongvej, an economic advisor and possible Finance Minister candidate for Yingluck's Puea Thai Party, had told Reuters on Monday that Thailand should move to a managed fixed exchange-rate system for the baht, like China or Singapore, pegging the baht to a basket of currencies.
