Thailand's Financial Toll from Border Conflict with Cambodia

Thailand faces significant financial repercussions after a five-day border conflict with Cambodia, with initial cost estimates exceeding 10 billion baht. The forecasted economic impact is anticipated to be even greater, according to the finance minister.

Finance Minister Pichai Chunhavajira announced that the government is setting aside an initial budget of 25 billion baht to mitigate the adverse effects of the recent skirmishes.

The current exchange rate stands at $1 to 32.48 baht, providing context for the financial figures involved in this cross-border event.

(With inputs from agencies.)