Thailand coup makes little impact on baht
NEWS
Thailand’s central bank assured the public last week that there were no major capital outflows following a military coup that ousted prime minister Shinawatra’s government last Monday.
The dollar rose to 37.791 baht from 37.305 late last Monday (September 18), after the military seized control of Bangkok and Shinawatra declared a state of emergency. It was the biggest decline for the Thai baht since July 26, 2002, when it plunged 2.3%.
The baht was trading around 37.4 per dollar last Friday
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