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Wed, December 20, 2006 : Last updated 20:18 pm (Thai local time)



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LETTERS TO THE EDITOR

Bank of Thailand had no other option, but its currency measures must be short-lived

I sympathise with the Bank of Thailand for having to introduce the latest reserve requirements for most types of capital inflows, except payments for goods and services, after the previous measures targeting buying and re-selling and the forex futures markets did nothing to stem the meteoric rise of the baht.








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