Thailand's Treasury Considers Overseas Coin Production Due to Escalating Costs from Middle East Conflict
Thailand's Treasury Department is exploring the possibility of minting 1-baht coins overseas as the ongoing conflict in the Middle East has significantly driven up domestic production costs.
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Read full article →Eurozone faces self-reinforcing price spiral risk from Middle East war
Eurozone inflation expectations are at risk of rising more quickly than in the past and the European Central Bank must be ready to raise interest rates swiftly if signs of persistent price pressures emerge, ECB policymaker Dimitar Radev said. Surging energy costs prompted by the Iran war have already pushed inflation well above the ECB’s […]
Read full article →Treasury mulls overseas coin production as costs escalate
The ongoing conflict in the Middle East has pushed up the Treasury Department's coin production costs, raising the possibility that 1-baht coins may eventually need to be minted overseas, where production costs are lower.
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