webfact Posted April 17, 2021 Share Posted April 17, 2021 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 Link to comment Share on other sites More sharing options...
Popular Post Excel Posted April 17, 2021 Popular Post Share Posted April 17, 2021 Well they are never going to admit that they manipulate their own currency are they ? 5 1 Link to comment Share on other sites More sharing options...
Popular Post ikke1959 Posted April 17, 2021 Popular Post Share Posted April 17, 2021 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 7 1 2 Link to comment Share on other sites More sharing options...
Popular Post OJAS Posted April 17, 2021 Popular Post Share Posted April 17, 2021 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! 3 2 Link to comment Share on other sites More sharing options...
ParkerN Posted April 17, 2021 Share Posted April 17, 2021 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... Link to comment Share on other sites More sharing options...
Popular Post ourmanflint Posted April 17, 2021 Popular Post Share Posted April 17, 2021 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? 4 3 Link to comment Share on other sites More sharing options...
TooPoopedToPop Posted April 17, 2021 Share Posted April 17, 2021 (edited) 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 Link to comment Share on other sites More sharing options...
Jai Dee Posted April 17, 2021 Share Posted April 17, 2021 An off-topic troll post and a reply have been removed. Link to comment Share on other sites More sharing options...
hotchilli Posted April 17, 2021 Share Posted April 17, 2021 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. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted April 17, 2021 Share Posted April 17, 2021 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. 2 Link to comment Share on other sites More sharing options...
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