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Importers of local small and medium in the rush to protect their currency risks in order to prevent the rapid decline of the baht.Mr. Trirong said. The number of small exporters have been engaged in the prevention of the risk that they can reap profits from the promising luck of the baht against the us dollar or the euro currency. The baht has dropped more than 7% since the beginning of the year, with the pace of depreciation of the currency, gaining speed since the rate setting Panel, a surprise to the market by reducing the interest rate policies in the second meeting in April to 1.5%. The Central Bank's measures to ease the flow of concrete funding announcement just one day after the discount rate in April, coupled with a clear chance of an interest rate increase by the u.s. Central Bank this year to hone down the baht needs. Compared to the dollar in the past week as the baht up 0.4%. Mr. Trirong said, creating the potential for competition in the production, not the foreign exchange rate is the main factor in the export business to local SMEs. Although the SME customers are facing a difficult situation amid the dull economy, their business is expected to improve in the fourth quarter, in line with the gathering economic momentum. Progress in State budget disbursement and investment will be the driving force for the country's economic growth during the rest of this year. Economic and social development, National Committee yesterday said the economic downturn Thailand 2.8% growth in the second quarter from the 3% growth in the first quarter.US Federal Reserve this year also whittled down demand for the baht.
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