Thailand reconsiders baht policy

Foreign investors bailed out of the Thai stock market in droves Tuesday 19 December, forcing Thailand's military government to go back on comments that it would not abandon just-announced measures aimed at stemming the country's surging currency.

The Thai government said it would lift controls announced Monday on foreign investment in stocks after the market plunged nearly 15 percent.

The move represented a swift about turn on earlier comments made Tuesday.

"The government will not reconsider th

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