(Corrects typographical error in headline)BANGKOK : Thai businesses are pressing the central bank to take measures to stabilise the baht currency, which has rapidly gained strength and could impact fourth-quarter growth, a senior chamber of commerce official said on Monday.
FILE PHOTO: A bank employee gathers Thai baht notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File Photo
Both sectors are key drivers of the Thai economy, Southeast Asia's second-largest, which has been struggling since the pandemic and lagging regional peers. On Monday morning, the baht hovered around 32.8 to the U.S. dollar, trading at its strongest level in more than 19 months. It has gained 13 per cent against the dollar since a low in April of 37.17.
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