The regulator has called for the use of local currencies to mitigate the US currency's volatility The Bank of Thailand supports the use of local currencies instead of the US dollar in trade with international partners, according to the regulator’s deputy governor for monetary stability, Alisara Mahasantana. The official said that the use of local currencies should minimize the risk posed by fluctuations in the US dollar, which have recently reached 8-9%. Alisara highlighted that the goal of the move is to provide an alternative for Thai businesses to pay for goods and services. “During periods of significant dolla
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