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Thursday, March 22 11:33 AM SGT

Thai Fin Min:No Change In Rate Policy On US Fed Rate Cut
(MORE) Dow Jones Newswires 22-03-01
0331GMT

Thai Fin Min:No Change In Rate Policy On US Fed Rate Cut

(MORE) Dow Jones Newswires 22-03-01

0333GMT Exports Important For Economy

BANGKOK (Dow Jones)--Thai Finance Minister Somkid Jatusripitak said Thursday that he wasn`t worried about the baht`s recent weakness as it would help export growth.

"I`m not worried about the baht," he told reporters. "Baht weakness could help exports and exports are important for the country`s economy," he said.

The baht has in recent days weakened past the key psychological level of 44 baht to the dollar, tracking the slide of the Japanese yen versus the dollar. At 0343 GMT Thursday (10:43 p.m. EST Wednesday), the dollar was trading at THB44.375 up from THB44.185 at Wednesday`s close. - - 22/03/01 03-47G
 
aus der Diskussion: Waste or make money in Thailand
Autor (Datum des Eintrages): BodyG  (22.03.01 09:04:37)
Beitrag: 581 von 611 (ID:3149941)
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