New Thai Government Mulling Steps to Stabilize Baht, Ekniti Says

The Thai government, led by newly appointed Prime Minister Anutin Charnvirakul, is considering steps to stabilize the Thai baht, which has recently reached a four-year high. This move comes in response to concerns raised by the business community, particularly exporters and the tourism industry, about the impact of the strong currency on their competitiveness. The government is currently in discussions with the Bank of Thailand, the country's central bank, to identify and implement appropriate measures to address the issue. The goal is to find a balance that supports the Thai economy's growth and competitiveness while maintaining the stability of the baht. The article suggests that the incoming administration recognizes the need to address the concerns of key sectors, such as exports and tourism, which could be adversely affected by the currency's appreciation. The government's willingness to work with the central bank indicates a proactive approach to addressing this economic challenge.