Mon, September 17, 2007 : Last updated 15:02 hours
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Home > Business > Currency Act amendment delayed
Currency Act amendment delayed
Finance Minister Chalongphob Sussangkarn said that he would not be able to submit the draft amendment to the Currency Act on September 12 as planned.
He said the ministry would resubmit the draft after some changes are made.
Under the new draft, Bank of Thailand would not be able to resort to special reserves account to back up money supplies. The movement of exchange rate would not be taken into account when the bank calculate loss and gains of its operation.
Meanwhile, Deputy Finance Ministry Sommai Phasee said that the ministry asked the Thailand Tobacco Monopoly to reconsider its new investment plan of tobacco production site. The site is expected to change from Chiang Mai to Saraburi province, he added.
- The Nation
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