Pridiyathorn says BoT prevented crisis

M.R. Pridiyathorn Devakula, Thailand's finance minister, and former governor of the Bank of Thailand, has said expectations of dollar weakness have led to the heavy fund flows into other currencies, including the baht.

The baht in 2006 had risen as high as 17% against the US dollar, or more than double the pace of other Asian currencies, before the central bank placed a 30% reserve rule on inflows on Dec 18.

M.R. Pridiyathorn, who served as central bank governor before joining the interim gov

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 indvidual account here: