Thai Prime Minister Anutin Charnvirakul said on Monday that tackling the baht’s rapid appreciation is an urgent priority and will be discussed with business leaders later in the day. The currency recently hit a four-year high of 31.57 per US dollar, raising concerns among exporters who argue that a rate closer to 34–35 baht would better support the economy.
Anutin, who secured parliamentary approval for his premiership this month, will seek royal endorsement of his new cabinet lineup later this week. The incoming team includes Ekniti Nitithanprapas as finance minister, Auttapol Rerkpiboon overseeing energy, and Suphajee Suthumpun as commerce minister.
The Thai economy, Southeast Asia’s second-largest, faces multiple headwinds including US tariffs, high household debt, and weak consumption. Growth is projected at 1.8%–2.3% this year, slower than regional peers. The Bank of Thailand has already cut its policy rate to 1.50% and is expected to lower it further to support recovery.
Thai PM Pledges Action on Strong Baht as New Cabinet Awaits Approval
