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Thailand may impose more baht measures

11-25-2010 08:55 BJT

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Thailand is preparing to impose additional measures to stem speculation on appreciation of its currency. The central bank governor announced the decision in a media briefing.

Thailand is not alone. Emerging countries from Asia to Latin America have taken steps to stem gains in their currencies that may affect their exports. The baht has surged more than 10 percent against the dollar this year.

And the Bank of Thailand has other measures at its disposal if need be -- one being a tax on financial transactions, sometimes termed a Tobin tax after James Tobin, the Nobel Prize winner, who first suggested the idea in 1971.

Editor:Xiong Qu |Source: CNTV.CN

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