Pridiyathorn says BoT prevented crisis

M.R. Pridiyathorn Devakula, Thailand's finance minister, and former governor of the Bank of Thailand, has said expectations of dollar weakness have led to the heavy fund flows into other currencies, including the baht.

The baht in 2006 had risen as high as 17% against the US dollar, or more than double the pace of other Asian currencies, before the central bank placed a 30% reserve rule on inflows on Dec 18.

M.R. Pridiyathorn, who served as central bank governor before joining the interim

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