It has come to the Bank of Thailand’s attention that a new stablecoin, THT, has been created abroad on the Terra Platform.
Commerce Ministry officials fear that continued currency strength could hinder Thai exports.
Exporters are increasingly worried as the Thai baht continues to perform against the US dollar
Thailand and Japan signed a Memorandum of Cooperation between the Ministry of Finance of Japan and the Bank of Thailand on the Cooperation to Promote the...
The baht has risen 9.9% this year to 32.50 baht per US dollar, hitting a 31-month high
Some 48% of bilateral trade between Japan and Thailand is settled in the yen or baht, compared with 51% in the U.S. dollar.
The Thai baht is one of the best-performing currencies in the region this year, rising about 5% against the dollar.
Ever since Donald Trump was elected as the newest President of the USA, many Asian currencies have experienced a boost, including the Thai baht