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Thailand's 2002 Foreign-Exchange Rate Policy Aims to Lift Exports.
Byline: Darana Chudasri
Jan. 4--Foreign-exchange rate policy this year would be aimed at supporting exports and overall economic growth, according to M.R. Pridiyathorn Devakula, governor of the Bank of Thailand.
M.R. Pridiyathorn noted that a 2 percent decline in export earnings would cut economic growth by a full percentage point.
The Commerce Ministry currently estimates exports for the year at $65.5 billion, representing growth of around 2.5 percent from last year.
Many analysts expect that the baht, which averaged around 44 to the US dollar last year, will weaken slightly to around 45 this year.
M.R. Pridiyathorn said while ...
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