Exporters want baht capped to stem decline in shipments
The Thai National Shippers Council has called for the Bank of Thailand to cap the baht at Bt34.50 against the US dollar to help the export sector after seeing shipments shrink for four straight years.
“Exports are expected to contract by 2 per cent this year. Shipments in the second half will also not grow or will go down by 2 per cent as the baht has strengthened, causing difficulty in competing,” chairman Nopporn Thepsithar said Tuesday.
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