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Asia update

22 May 2008

Thailand's central bank is considering a $5 billion sovereign wealth fund to invest some of its foreign exchange reserves in equities. Reports suggest the fund would start with reserves between $5 billion and $10 billion, although Thailand's total reserves amount to over €65 billion ($100 billion).

Suchada Kirakul, the assistant governor of the Bank of Thailand, suggested that although a small fund could be established, it...
 

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