Thai king lavishes praise on Watanagase

Bhumibol Adulyadej, the king of Thailand, has thanked Tarisa Watanagase, the governor of the country's central bank, for her work in stabilising the economy.

"My thanks for all your hard and tiring monetary work and my wish for your success in national monetary management," Reuters, a media agency reported the king as saying in a televised broadcast. "My appreciation is for your ability to keep the country from heading towards a disaster which we may face if we are not careful about spending.