Sporty Posted September 2, 2008 Report Share Posted September 2, 2008 The Bank of Thailand said it had intervened in the foreign-exchange market to support the baht after the government declared emergency rule in the capital. "The announcement [by Prime Minister Samak Sundaravej] has caused the baht to weaken and be volatile, so we had to step in and support the baht this morning," said deputy governor Atchana Waiquamdee http://www.bangkokpost.com/breaking_news/breakingnews.php?id=130307 Link to comment Share on other sites More sharing options...
elef Posted September 2, 2008 Report Share Posted September 2, 2008 Sure they have but I expect the USD will be 35 tomorrow, BOT is sitting on a lot a foreign currencies after they had to keep the baht low. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.