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Thai reluctance to invest abroad likely to thwart bid to weaken strong baht
Published Thu, Jun 8, 2017 · 09:50 PM
Bangkok
IF recent history is anything to go by, letting Thais invest more money abroad is unlikely to spur major outflows, and that will mean continued firmness for the baht - and continuing frustration for Thai exporters.
Authorities in Thailand, which has large current-account surpluses, are trying to get citizens to invest elsewhere, to help contain an uncomfortably strong baht.
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