Thai central bank intervenes to slow currency moves, says official


A bank worker sorting baht notes in Bangkok. — Reuters

BANGKOK: Thailand's central bank has intervened to slow the Thai currency's movement, an assistant governor said on Friday after the baht rose to its strongest levels in four years, threatening the country's struggling economy.

"The central bank is closely monitoring and managing the movements of the baht during this period, as evidenced by the increase in foreign reserves," Chayawadee Chai-anant told reporters.

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