BANGKOK: Top Thai economic officials sounded alarm over the baht’s surge to a five-year high, with the finance minister calling it a “very big concern” and the central bank chief saying that efforts to rein in the currency have had limited impact.
“Thailand is a small, open economy and we’re a net-export country, so baht appreciation affects our economy,” Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas (pic) said in a Bloomberg TV interview with Haslinda Amin on the sidelines of the World Economic Forum in Davos on Wednesday (Jan 21).
