Thailand abandons managed baht exchange rate-paper

Thailand abandons managed baht exchange rate-paper - Reuters, December 3, 2007
Thailand has quietly abandoned the managed floating exchange rate of the baht it adopted in 1997 and reverted to the old system of a basket of currencies...

Or not...

We're still using float, BOT claims - The Nation, December 5, 2007
For now, the Bank of Thailand's senior director Pongpen Ruengvirayudh is denying the central bank has quietly abandoned the managed float system in favour of a basket of currencies to curb the baht's rise...
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