# Rising baht puts top banker on spot

> Bank of Thailand Governor Veerathai's job is reportedly at risk as the strong baht, up about 8% this year, hurts exporters and farmers. The Finance Ministry has urged a rate cut to weaken the currency, and Veerathai publicly rejected that criticism. The baht has appreciated most among regional currencies.

- Date: 2017-09-17 · published 2017-09-17T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/69229-rising-baht-puts-top-banker-on-spot
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Political pressure for looser policy could eventually weaken the baht, which would support Thai export competitiveness and feed-ingredient purchasing power; the near-term feed price impact is small.

## Read by commodity

- USDTHB: neutral

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30326932

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