The baht's rise to four-year highs against the US dollar is seen as a threat to exports and tourism, as South-East Asia's second-largest economy grapples with US tariffs and high household debt. - Photo: Reuters
BANGKOK (Reuters): Thailand's new government is setting up a multi-agency team to counter the baht's rise to four-year highs, which is a risk for the key economic drivers of tourism and exports, and said on Monday it also wanted to urgently tackle high debt levels.
Finance Minister Ekniti Nitithanprapas said a team including people from the finance ministry, the Anti-Money Laundering Office, the Securities and Exchange Commission, and the Bank of Thailand had been set up to address the baht's rise, trace unidentified capital flows, and oversee currency moves.
