THAI keeps watch on baht | Bangkok Post: news

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THAI keeps watch on baht

Thai Airways International (THAI) aims to set up a working group to handle currency management, airline president Sorajak Kasemsuvan said yesterday.

Speaking after a THAI board meeting, Mr Sorajak said the currency management team will be established as the airline was concerned about the rapid appreciation of baht.

THAI executives had been instructed to keep a close watch on the baht because up to 70% of the airline's earnings are in foreign currencies, he added.

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