Baht Strength Decline: Thai Chamber of Commerce Calls for Urgent Measures

Tuesday, 24 September 2024, 00:35

Baht strength is a growing concern as the Thai Chamber of Commerce urges the government to act swiftly. The finance ministry and Bank of Thailand face pressure as an appreciating baht threatens to cost the economy 130 billion baht in export losses. Immediate intervention is paramount for sustained economic health.

Baht Strength Decline: Thai Chamber of Commerce Calls for Urgent Measures

Immediate Action Required for Baht Stability

The Thai Chamber of Commerce raises alarms regarding the rising strength of the baht. They emphasize that without urgent measures from the finance ministry and the Bank of Thailand, the economy risks losing 130 billion baht in export earnings.

Crisis in Export Earnings

Baht value escalation leads to higher export prices.
The private sector warns of potential job losses.
Strategies to stabilize the baht are essential.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Immediate Action Required for Baht Stability

Crisis in Export Earnings

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