BOT: US Currency Monitoring Won't Impact Policy

Prachachat•Economy•249d ago

Reader Briefing

Thailand added to US 'Monitoring List' for currency practices but the Bank of Thailand assures it will not impact policymaking.

•Thailand has been placed on the US Treasury's 'Monitoring List' for exchange rate policies.
•The placement is due to meeting two of three criteria: a significant trade surplus with the US and a large current account surplus.
•The Bank of Thailand (BOT) stated this does not classify Thailand as a 'Currency Manipulator' and similar past instances did not affect policy.
•BOT's exchange rate management primarily targets currency volatility, not manipulation for trade advantage.

•The US Department of the Treasury has published a report placing Thailand on its 'Monitoring List' for exchange rate behaviors.
•Thailand met two of the three criteria for inclusion: a trade surplus with the US exceeding $15 billion and a current account surplus of 3.8% of GDP (July 2027 - June 2028).
•Chayawadee Chai-anan, Assistant Governor of Corporate Relations and BOT Spokesperson, clarified that this status does not equate to being a 'Currency Manipulator'.
•Thailand has previously been on the Monitoring List during 2563-2564 (2020-2021) for approximately 2-3 assessment periods without policy impact.
•The BOT's exchange rate policy aims to manage currency "volatility" by preventing rapid appreciation or depreciation, ensuring net flexibility.
•Chayawadee Chai-anan believes the possibility of Thailand being elevated to a currency manipulator is very low due to current global financial contexts.
•The US conducts trade partner assessments twice a year, with the next report covering January to December 2028, expected mid-year.
•The BOT views currency exchange rate monitoring and trade tariff negotiations as separate but coordinated processes, unlikely to negatively impact each other.

Full article content is available on the original source.

Chayawadee Chai-anan

"Being placed on the monitoring list does not mean Thailand is a currency manipulator."

การถูกจัดอยู่ในบัญชีเฝ้าระวังดังกล่าว ไม่ได้หมายความว่าไทยเป็นประเทศที่ปั่นค่าเงิน

Chayawadee Chai-anan

"Thailand's exchange rate policy focuses primarily on managing currency "volatility.""

การดำเนินนโยบายอัตราแลกเปลี่ยนของไทยมุ่งดูแล “ความผันผวน” ของค่าเงินเป็นหลัก

Bank of Thailand(ธปท.)ℹ️

The central bank of Thailand responsible for monetary policy and economic stability.

United States Department of the Treasury(กระทรวงการคลังสหรัฐอเมริกา)ℹ️

The US government department responsible for the nation's finances and economic policy, which monitors currency practices.

Chayawadee Chai-anan(นางสาวชญาวดี ชัยอนันต์)

Assistant Governor of Corporate Relations and Spokesperson for the Bank of Thailand.