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The Bank of Thailand (BOT) was selling off US dollars yesterday (June 19th) due to the depreciation of Thai baht. Meanwhile, the Thai currency yesterday was traded at 33.44 baht per US dollar, the lowest value in the last five months.
The BOT Deputy Governor, Mrs. Atchana Waiquamdee (ÍѨ¹Ò äǤÇÒÁ´Õ), insisted that the central bank will not utilize the baht as an instrument to alleviate the inflation problem. She says the BOT will intervene once the currency fluctuates.
Traders viewed that the BOT’s move allowed the Thai currency to stand between 33.00 and 33.50 baht per US dollar yesterday. However, other traders also perceived that the central bank attempted to shore up Thai baht to stay at 33.45 baht per US dollar.
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Reporter : RTI-Reporter02
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