FX VOICE: Curbing the baht
May 20, 2013
Thailand: don't shy away from capital controls
The strength of Thai baht should be tempered by reasonable capital controls. They would not damage the country's reputation.
There is tension surrounding the currency’s rise and recent inactivity from the central bank and the country’s Ministry of Finance to act to calm it has been well documented. As is always the case, a sudden and strong movement in the currency has the potential to hurt, exporters in particular.
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