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Opinion

Thailand's battle to drive down currency will not end well

Southeast Asian haven should concentrate on boosting business, not bashing baht

| Thailand
Prayuth Chan-ocha at the Government House in Bangkok, pictured in June 2019: why not implement upgrades to make Thailand even more deserving of overseas investment?   © Reuters

As a former general, you might expect Thailand's Prayuth Chan-ocha to know a losing battle when he sees one. Perhaps not, as the prime minister prepares to throw the full weight of the government at currency speculators.

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