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Bank of Thailand Attributes Baht Slide to Regional Trend, Not IMF Repayments.
Byline: Parista Yuthamanop
Oct. 3--The recent depreciation of the baht was in line with other regional currencies, the Bank of Thailand said yesterday.
Thirachai Phuvanat-naranubala, central bank deputy governor, denied news reports which attributed the baht's weakness to government plans to make early repayments on debt owed to the International Monetary Fund.
Official reserves were already sufficient to cover repayments, he said.
The baht's depreciation stemmed more from the move by several oil companies to expedite foreign currency payments of oil imports.
Repayment of foreign debt by the government and private sector at ...
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