| Baht too strong says chamber |
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| Saturday,June 06,2009 Posted: 22:09 BJT(09 GMT) |
| From:th Article type:Redistributed |
The baht is currently too strong at 34 to the US dollar and the Bank of Thailand should step in to stabilise it at a realistic rate, Archava Taolanond, honorary chairman of the Thai Chamber of Commerce, said on Tuesday.
Mr Archava suggested the central bank maintain the currency at a suitable rate of 37 baht the US dollar.
That would give the export sector a much needed boost.
Asked about the government’s policy to replace price-pledging for agricultural products with a price insurance system, Mr Archava said it was a good idea because it would free up budget funding for other projects.
He stressed, however, that any price insurance scheme must be totally transparent and free of corruption
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