BOT profits hit by exchange rates

The Bank of Thailand's (BOT) annual report recorded Bt5 billion net profit for 2003, a sharp drop of 58 per cent from the previous year, attributed to foreign exchange losses and lower interest income.

Charinya Kaewmanee, director of the BOT's accounting group, said the central bank does not maximise profits as a first priority. Rather, it focuses its efforts on stabilising the economy and exchange rate system.

Charinya said the BOT's foreign asset value, appraised in Thai currency at the end of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: