# Ministry issues new measure on strong baht

> Thai Finance Minister Uttama Savanayana said exporters may keep up to $1 million in overseas accounts, up from $200,000, to curb baht appreciation. The baht had gained 8 percent against the dollar in 2019 and was trading near 31.08 per dollar on February 6.

- Date: 2020-02-06 · published 2020-02-06T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/54842-ministry-issues-new-measure-on-strong-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

This is a currency policy measure aimed at easing baht strength, which could marginally cut the cost of dollar-priced Thai exports. Its direct impact on feed commodity prices is minimal.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30381717

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.