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Thai baht soars to post-coup high, threatening local business

Junta's exports and tourism-centered economic policies come under fire in election race

Robust economic growth is one factor supporting the baht's rise. Thailand's gross domestic product in 2018 increased by 4.1% compared to the previous year.   © Reuters

BANGKOK -- The Thai baht has soared to its highest level against the dollar since the current junta government seized power in a coup in 2014, jeopardizing the nation's exports and tourism-dependent economic growth just a month before the country's long-awaited election in March.

The baht traded at 31.19 to the U.S. dollar on Friday, up 4% since the start of the year, as one point reaching its highest level since November 2013.

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