Thailand governor cool on currency risks

Bank of Thailand governor Tarisa Watanagase says she does not expect another currency crisis like the one which hit the country ten years ago.

In 1997 the baht was fixed against the dollar, "which was not realistic and did not represent the true picture of our economy," she said in a speech on 29 June.

Now that it has been allowed to float and the value changes with the market mechanism, the central bank only intervenes when the currency is too strong, as it was last year, the governor added.

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