Prayuth Chan-Ocha’s comments could be a reiteration of earlier government entreaties for more imports.
“We have to think how we will spend in dollars in many ways to help weaken the baht,” Prayuth said in a speech Monday, adding the private sector needs to help with that process. The comments in Bangkok could be a reiteration of earlier government entreaties for more imports, which require converting baht to spend in dollars, economists said.“The premier may be urging people to spend more by converting baht into dollars,” said Kampon Adireksombat, head of economic and financial market research at Siam Commercial Bank Pcl.
The baht weakened as much as 0.2% against the dollar, the most in about three weeks, and was trading at 30.283 as of 3:36pm in Bangkok.
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