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Economy
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2006-12-26 22:27:24-05
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Thailand will keep currency controls
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Bangkok, Dec 27: Currency controls that rattled the stock market in Thailand could remain in place for up to six months, the central bank governor said Tuesday. Thai shares plunged nearly 15 percent on Dec. 19 after the central bank announced the regulations. Bank of Thailand Gov. Tarisa Watanagse said last week's measures, which restrict foreign capital inflows into the bond and commercial paper markets, must remain in place for at least three to six months to ensure they curb the baht's appreciation. "Once the baht is moving in line with regional currencies, the measures will become unnecessary," AP quoted Tarisa as saying.
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