Thailand expects no broad economic impact after U.S. keeps it on currency watch list

[webfact]

FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo/File Photo

 

BANGKOK (Reuters) - Thailand's central bank said on Saturday it did not see an impact on business or its ability to implement macroeconomic policies to safeguard financial stability after Washington kept it on a U.S. currency monitoring list.

 

The BOT also reiterated that Thailand has never used the exchange rate as a tool to gain an unfair trade advantage or a competitive edge over its trading partners, Assistant Governor Chantavarn Sucharitakul said in a statement.

 

The comment came after Washington kept Thailand on its watch list of countries that merit close attention to their currency practices.

 

(Reporting by Orathai Sriring; Editing by Shri Navaratnam)

 

-- © Copyright Reuters 2021-04-17

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

[Excel]

Well they are never going to admit that they manipulate their own currency are they ?

[ikke1959]

3 minutes ago, Excel said:

Well they are never going to admit that they manipulate their own currency are they ?

at the same time they stop manipulating Covid figures, death tolls, and tourist arrivals :), then they start to admit things maybe 

[OJAS]

41 minutes ago, ikke1959 said:

at the same time they stop manipulating Covid figures

 

And even the latest unmanipulated COVID figures, the scale of which if replicated in the UK would doubtless have led to a dramatic plunge in the GBP's value, don't appear to have had any negative impact on the THB's value at all!

[ParkerN]

Just now, OJAS said:

 

And even the latest unmanipulated COVID figures, the scale of which if replicated in the UK would doubtless have led to a dramatic plunge in the GBP's value, don't appear to have had any negative impact on the THB's value at all!

 

So. Mission accomplished then...

 

[ourmanflint]

If any other country had nearly 20% unemployment and had lost 15-20% of its main income source, then its currency would be diving.

 

Not so Thailand, what is keeping it rock solid if not manipulation?

[TooPoopedToPop]

What does Washington want, a Thai currency that is artificially low or high?

   You would think the latter, right?

   If they are successful, American expats are going to get stiffed.

Edited April 17, 2021 by TooPoopedToPop

[Jai Dee]

An off-topic troll post and a reply have been removed.

[hotchilli]

5 hours ago, webfact said:

The BOT also reiterated that Thailand has never used the exchange rate as a tool to gain an unfair trade advantage or a competitive edge over its trading partners,

No need to when you have the luxury tax card up your sleeve.

[Isaan sailor]

5 hours ago, ourmanflint said:

If any other country had nearly 20% unemployment and had lost 15-20% of its main income source, then its currency would be diving.

 

Not so Thailand, what is keeping it rock solid if not manipulation?

Either international fund money managers continue to list Thailand as an emerging market; or China continues to dump USD.