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Weaker Baht Boosts Thai Export, Tourism Prospects, Official Says
Source: Bloomberg
Currency & FXTrade Policy & Supply ChainTravel & Leisure
Thailand’s Vice Finance Minister Santitarn Sathirathai said the recent depreciation of the baht should support exports and tourism, two core contributors to the economy. A weaker currency can improve export competitiveness and reduce travel costs for foreign visitors, providing a modest positive tailwind for growth.
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