BoT proposes agency to oversee gold trade amid baht appreciation
Economist says greater oversight would slow dollar-baht trade, but underlying issues may persist
The governor of Thailand’s central bank has proposed that a dedicated agency be set up to monitor the gold trade in the country, amid an appreciation of the baht that he partly attributes to increased sales of the precious metal.
In a statement issued by the Bank of Thailand (BoT) on December 16, Vitai Ratanakorn said the currency had appreciated by 2.5% since the start of the month, primarily because of the weakening dollar. However, he added that other factors, including a “significant increase
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