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BANK OF THAILAND

Baht stability to be maintained at competitive level: BOT



Bank of Thailand on Friday promised exporters that it would ensure that the US dollar/baht exchange rate would be maintained in a competitive level, admitting that the recent inflows to the Stock Exchange of Thailand have strengthen the Thai currency.

 

 Santi Vilassakdanont, chairman of the Federation of Thai Industries, said after the meeting between the central bank, the FTI, Board of Trade, exporters and importers, and tourism business operators, aside from the exchange rate, many issues were raised including forex risk management and liquidity shortage.

 He noted that the central bank agreed to be the intermediary in ensuring more funding accessibility to small and medium-sized enterprises, particularly those in provinces. The private sector also asked the central bank to relax the lending rules for provincial exporters, to allow lending cross-guarantee.



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