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2025-09-15 15:31:21
[Thai Prime Minister: Urgent need to address the appreciation of the Thai baht] Thai Prime Minister Anutin said on Monday that the strengthening of the Thai baht needed to be addressed urgently and that discussions would be held later that day. After talks with the Federation of Thai Industries, Anutin said he would also seek the king's approval for the new cabinet list later this week. According to the agreement reached with the largest parliamentary party that supported his prime ministerial campaign, Anutin, who won the parliamentary vote with an overwhelming majority this month, will only be in power for four months before a general election. He faces the daunting task of turning around the economy: Thailand is currently facing multiple challenges such as US tariffs, high household debt and weak consumption. The Thai baht hit a more than four-year high of 31.57 against the US dollar last week. So far this year, the Thai baht has appreciated by nearly 8%, becoming the second best performing currency in Asia. The business community, including rice traders, has expressed concern about the strengthening of the Thai baht and urged policymakers to take urgent action. The Federation of Industries said on Monday that an exchange rate of 34-35 baht to the US dollar would be more suitable for the Thai economy.
