31.   The IMF has ordered Thailand to increase reserves and cut the state budget.

32.   The money market should now end with a small surplus that increases bank reserves, to leave reserves comfortably above the requirement.

33.   These reductions come after an eight-year tough policy adopted by the CBJ to maintain high interest rates in order to increase the reserve of foreign currency.

34.   Therefore it is necessary for the lenders to increase their reserves.

35.   But his appointed successor Georg Obermeier appeared cautious by saying that the group would try to protect itself against the burden of taxation mainly by increasing its reserves.

36.   Economic reforms have succeeded in accelerating export growth, attracting larger foreign investments, increasing foreign exchange reserves and reducing inflation rates in South Asia.

37.   The central bank deputy governor said a government scheme encouraging individuals to deposit their gold with banks and earn interest income had failed to significantly increase gold reserves.