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Thailand establishes currency monitoring committee

The Thai Chamber of Commerce (TCC) have agreed to cooperate with government organisations in establishing a currency committee to ensure baht stability in a meeting with the Ministry of Finance, a new media resource said.
The Thai Chamber of Commerce (TCC) have agreed to cooperate withgovernment organisations in establishing a currency committee to ensurebaht stability in a meeting with the Ministry of Finance, a new mediaresource said.

The committee will focus onensuring the stability of baht in terms of exchange rate and its valueand preventing fluctuations of the currency in the future.

Thai baht is forecast to fluctuate within the range of 31.8 and 32.2baht per US dollar this week unless there are major changes in theUnited State ’s monetary policy.

The range ofbaht against the greenback will depend on several factors in the US ,such as property sales, consumer, housing and income indexes, amongothers, a report of the Kasikorn Research Center (KSC) stated.

Domestic factors are also considered to have impact on the fluctuationof baht, including overseas trade figures, July’s economic report, andthe number of the jobless filing for unemployment benefits, it said.-VNA
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