Thai Gold Traders Plan Dollar-Based Trading to Curb Baht Rally
Thailand’s largest gold traders plan to promote dollar-denominated transactions, aiming to weaken the metal’s influence on the local currency and head off the threat of a punitive tax.
By Suttinee Yuvejwattana · Bloomberg Markets
Thailand’s largest gold traders plan to promote dollar-denominated transactions, aiming to weaken the metal’s influence on the local currency and head off the threat of a punitive tax.