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 Bank & Finance
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20 Dec 06 23:06
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Rules to be eased once
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Vipin Wilson
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Bangkok, Dec 21: Bank of Thailand has defended measures to control the appreciation of the baht that wiped 23 billion from the value of Thai stocks, saying the rules will be removed once "volatility" eases.
"As soon as the volatility reduces, we will lift the requirement. This is temporary," Bloomberg quoted the bank's governor Tarisa Watanagase as sayinh.
The baht suffered its worst fall in more than seven years.
Tarisa announced currency controls on Monday to stem a 16 % rise in...
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