A sources piece in the Bangkok Post........>

THAILAND: A sources piece in the Bangkok Post notes that "the Bank of Thailand

has sought the opinion of foreign exchange dealers on whether to shift gold

price quotation to USD for exports, imports & related activities, and whether to

scale back issuance or temporarily scrap sales of short-dated bonds in a bid to

curb the baht's rapid gains... The central bank also solicited views on any

foreseeable impact if short-term bond issuance were reduced or cancelled, the

source said. The bank summoned foreign exchange dealers yesterday to discuss the

baht's strength and seek possible relief measures. The source said local banks

would have to make minor adjustments to handle gold price quotation in dollars.

For gold dealers, quoting prices in dollar terms is of little concern because

they already trade paper gold quoted in the US currency, the source said.

Remarking on the proposal to downsize or scrap short-dated bond issuance, the

source said such a move would compel offshore fund inflows to shift to

longer-maturity bonds."