Thai foreign debt rises to record high of US$119 billion in March

Friday, May 11, 2012
The Nation/Asia News Network

BANGKOK -- Thailand's foreign debt rose to a record high of US$119 billion or 3.6 trillion baht in March, but the Bank of Thailand insists the country's external exposure is balanced by asset holdings.

The central bank's data revealed that the outstanding foreign-currency debt of all sectors, except its own, showed an increase from the previous month. It attributed the increase mainly to burgeoning Thai investment overseas as well as international trade.

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