#currency intervention

https://img.etimg.com/thumb/msid-127544346,width-1200,height-630,imgsize-141180,overlay-etmarkets/articleshow.jpg Global shares mostly declined on Monday, as in Asia, Japan’s benchmark took a tumble after the yen surged against the US dollar. France’s CAC 40 dipped nearly 0.2 per cent in early trading to 8,127.93, while the German DAX added less than 0.1 per cent to 24,881.34. Britain’s FTSE 100…

South Africa coronavirus restrictions further eased for casinos, salons

[ad_1]

JOHANNESBURG (Reuters) – South Africa’s President Cyril Ramaphosa said on Wednesday casinos, cinemas, personal care services and accommodation will be allowed to operate as the country further eases coronavirus lockdown restrictions.

Ramaphosa added during his televised address to the nation that restaurants will now be allowed to offer sit-down services.

A date of when these sectors…

IMF says Bosnia’s failure to disburse IMF emergency aid is unprecedented

[ad_1]

SARAJEVO (Reuters) – Five weeks after the International Monetary Fund gave Bosnia $370.46 million in emergency aid to help combat the coronavirus crisis, the funds have still not been disbursed due to a disagreement between its rival ethnic leaders, officials said.

Even though the lender had doubled the original amount, the leaders have not reached a consensus on how to split the…

New Post has been published on https://www.chiangraitimes.com/bank-of-thailand-governor-plays-down-being-placed-on-us-currency-manipulation-list.html

Bank of Thailand Governor Plays Down Being Placed on US Currency Manipulation List

BANGKOK – On the wake that Thailand may be added to the United States watch list on currency manipulation because of a high current account surplus, the Bank of Thailand (BOT) has defended Thailand’s currency policies.

BOT Governor Veerathai Santiprabhob told a press briefing that Thailand does not have a policy of currency intervention to gain a trade advantage and the firmer baht has been driven by external factors, especially the US-China trade dispute.

“Thailand’s trade surplus with the United States has not resulted from the BOT’s manipulation of the Thai baht”, Veerathai stressed.

“Don’t panic if Thailand is added to the US watch list. It will not affect the economy or our policy implementation.”

The BOT governor affirmed, however, that there would be no impact on Thailand’s financial policy, implemented by his central bank, even if the US government added the Thai Kingdom on such the watch list.

There have been reports that Washington is considering to add 20-25 nations on its watch list for countries alleged of manipulating their national currencies, probably including Thailand, from 13 countries currently.

The local currency is Asia’s best performing currency this year, rising more than 3% against the greenback.