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 Gaining trade advantage not purpose of exchange-rate intervention, says BOT after US places Thailand on monitoring list

Gaining trade advantage not purpose of exchange-rate intervention, says BOT after US places Thailand on monitoring list

December 17, 2020

The US Treasury Department has placed Thailand on its list of countries being monitored for having a significant bilateral trade surplus with the United States – more than $20 billion (Bt600 billion) – and a material current account surplus (over 2 per cent of GDP), Chantavarn Sucharitakul, assistant governor for Communications and Corporate Relations Group at the Bank of Thailand (BOT), said on Thursday.

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