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Virabongsa Says Thailand an ‘Attractive Place for Hot Money’

Feb. 20 (Bloomberg) -- Virabongsa Ramangkura, chairman of Bank of Thailand, comments on efforts to stem capital inflows in Bangkok late yesterday. * Thailand is “attractive place for hot money because our

regulations are not that tight like China”: Virabongsa * BOT is concerned, but not panic-stricken yet; economic

growth at 4-5% not enough to cope with huge amounts of

inflows * Virabongsa says he can’t think what measures to use to slow

it down; using Tobin tax isn’t easy; direct controls like

reserve requirements or non-market measures have strong


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