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Thai Officials Call Tension over Baht Volatility `Overblown'.

Bangkok Post (Bangkok, Thailand)

| August 03, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Aug. 3--Senior policymakers yesterday played down reports of a dispute between Prime Minister Thaksin Shinawatra and the Bank of Thailand.

On Wednesday, Mr Thaksin criticised M.R. Pridiyathorn Devakula, the central bank governor, for failing to take action to stabilise the baht and limit exchange-rate swings that were affecting trade.

Mr Thaksin also took Finance Minister Somkid Jatusripitak to task for not monitoring the central bank sufficiently regarding exchange rate policy.

But Dr Somkid yesterday played down the comments, saying there had been no thought at all by the government to change the leadership at the central bank. "In this ...

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