BANGKOK (Reuters) -Thailand’s finance minister said on Wednesday that the country has not engaged in currency manipulation, and said the central bank has the tools to manage the currency without resorting to intervention.

Finance Minister Ekniti Nitithanprapas also told reporters that the government would put illicit fund movements under more scrutiny by December.

“We have not distorted the management of the baht in the past as it is something our central bank has been very cautious about,” he said.

“There are mechanisms in place to oversee the currency without the need for intervention. It is our intention not to cause any distortions,” he said.

Earlier, the U.S. Treasury and the Bank of Thailand said they had agreed not to use any macroprudential or capital flow measures or governmen

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