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Bangkok Post
Bangkok Post
Business

UNCOVERED: Arkhom calms jitters - Caught on Camera

The logo of Silicon Valley Bank is illustrated on March 13. The US bank collapsed on March. (Photo: Reuters)

Finance Minister Arkhom Termpittayapaisith has offered reassurance that Thai financial institutions will not be affected by the banking debacle in the US and Europe as local organisations have little exposure to such banks.

He discussed the matter with the Bank of Thailand and found local institutions' transactions with those banks were worth only 2 million baht.

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