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Bank of Thailand Unfazed by U.S. Currency Watchlist Inclusion

  • Bank of Thailand vows commitment to exchange-rate flexibility
  • Hit to tourism means current account surplus narrowing: BOT
Tourism In Northern Thailand As Country's Peak Season Disrupted In The South By Pabuk
Photographer: Brent Lewin/Bloomberg

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The Bank of Thailand has responded to the U.S. decision to keep the nation on watch for currency manipulation by asserting it has stepped into the market only to curb volatility in the baht.