Post by account_disabled on Dec 26, 2023 4:13:51 GMT
The Bank of Thailand has clarified that Thailand is not interfering with its currency to gain a trade advantage in any way. And the value of the baht in the past has both strengthened and weakened. It doesn't go in one direction all the time. Image from Shutterstock Chanthawan Sucharitakul, istant Governor Communication and organizational relations The Bank of Thailand (BoT) has revealed that As there is news that Thailand and Taiwan may be arrested by the US Treasury Department. Keep an eye on countries that have currency intervention.
To create an B2B Email List advantage in trade with the United States, the BoT has consulted with the United States Ministry of Finance. continuously coming Important matters that the Bank of Thailand has discussed throughout include: Capital movement conditions in the global financial market Development of Thailand's current account surplus The BoT's need to maintain currency stability during periods of acute capital inflows istant Governor The BoT's Communications and Corporate Relations Line also emphasized that "BoT's transactions in the foreign currency market It is not intended to manipulate the value of the currency in order to gain a trade advantage with Thai trading partners.
It can be seen from the movement of the baht value in the past that it can go in both directions, both weakening and strengthening. Not going in any one direction.” Yesterday's UBS analysis indicated that Thailand and Taiwan may be hit by the US Treasury Department. Keep an eye on countries that have currency intervention. Because many Conditions correspond to those set by the US Treasury Department, such as a trade surplus exceeding $20 billion for 4 consecutive quarters, etc. Moreover, according to analysis from UBS and Goldman Sachs, no country is expected to be accused by the United States of currency manipulation in a report that will be released soon.
To create an B2B Email List advantage in trade with the United States, the BoT has consulted with the United States Ministry of Finance. continuously coming Important matters that the Bank of Thailand has discussed throughout include: Capital movement conditions in the global financial market Development of Thailand's current account surplus The BoT's need to maintain currency stability during periods of acute capital inflows istant Governor The BoT's Communications and Corporate Relations Line also emphasized that "BoT's transactions in the foreign currency market It is not intended to manipulate the value of the currency in order to gain a trade advantage with Thai trading partners.
It can be seen from the movement of the baht value in the past that it can go in both directions, both weakening and strengthening. Not going in any one direction.” Yesterday's UBS analysis indicated that Thailand and Taiwan may be hit by the US Treasury Department. Keep an eye on countries that have currency intervention. Because many Conditions correspond to those set by the US Treasury Department, such as a trade surplus exceeding $20 billion for 4 consecutive quarters, etc. Moreover, according to analysis from UBS and Goldman Sachs, no country is expected to be accused by the United States of currency manipulation in a report that will be released soon.