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Shippers ask BOT to ease export pressure caused by baht’s rise

Aug 12. 2020
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By The Nation

The Thai National Shippers' Council yesterday asked the Bank of Thailand to seek ways of relieving pressure on exports from the rising baht.

Council vice chairman Visit Limluecha said he had discussed the matter with central bank governor Veerathai Santiprabhob, adding that the strengthening baht is hurting the competitiveness of Thai exports.

He said the council did not specify an appropriate level for the baht value and did not ask the central bank to interfere with its value.

He also asked the bank to relax conditions for its soft loan programme so as to widen access to credit for small business operators.

 

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