Gaybutton Posted March 27, 2007 Share Posted March 27, 2007 At the moment of posting, the US dollar to baht exchange rate is 34.88. The following appear in THE NATION: _____ BoT Will Not Revert to Fixed Rate System The Bank of Thailand (BoT) on Tuesday dismissed rumours that the central bank may switch from the current managed float system to the peg, or fixed rate system as used prior to the 1997 financial crisis. Rumours of possible revert to the exchange rate peg system weakened the baht Monday, but had stabilised at Bt35.05 on Tuesday, dealers said. Both Finance Minister Chalongphob Sussasangkarn and central bank governor Tarisa Watanagase have dismissed the possibility of a peg. - The Nation __________ And this, from TNA: _____ BoT Denies it Plans to Iissue More Measures to Stem Baht Speculation BANGKOK, March 27 (TNA) Quote Link to comment Share on other sites More sharing options...
