InfoQuest (January 14, 2020) -- The Bank of Thailand (BOT) pointed out that the baht appreciation in 2019 was mainly due to Thailand's current account surplus, not foreign speculative activities. The central bank admitted it is concerned about the surging baht and will closely monitor the currency situation, and will take other measures if necessary. The agency also urged the government and the private sector to work with it to jointly address the issue.
Source: InfoQuest, by Kasamarporn Kittisamphan / Rachada / Sasithorn, translated by Xinhua Silk Road
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