Finance

Baht offshore, onshore prices gap narrows

Bank of Thailand governor Tarisa Watanagase told reporters on Friday that the gap between the baht prices trading offshore and onshore markets has been tapered following 30-per cent capital reserve lifted.

She said the central bank has done nothing to keep the prices variant stable.

Thai central bank decided scrapping capital reserve regulation on March 3 following pressures from government and private enterprises to see capital flow freely in line with global economy.

It has imposed the measure late in 2006 to baht the baht speculation.

The baht price on Friday moved at 31.41/46 to the US dollar onshore and 31.425/428 offshore.

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