Thai premier says nation should ‘spend in dollars’ to weaken baht

BANGKOK: Thailand’s Prime Minister Prayuth Chan-Ocha said the nation has to think about expenditure in dollars to help weaken its currency.

"We have to think how we will spend in dollars in many ways to help weaken the baht,” Prayuth said in a speech Monday, adding the private sector needs to help with that process. A current-account surplus, capital inflows and high foreign reserves are among the causes of baht strength, he said.