11.  There is talk of devaluing the baht, the Thai currency.

12.  Time and again, Bangkok said it will keep the baht pegged to a basket of currencies -- mostly the dollar -- to insure the Thai currency remains stable.

13.  Toyota Motor Corp. President Hiroshi Okuda said his company may cut production in Thailand because of lower sales after the devaluation of the Thai currency.

14.  True, interest payments were denominated in bhat, the Thai currency.

15.  Prime Minister Chuan Leekpai said Wednesday that if the Thai currency strengthens too much, the dramatic recent gains in exports may suffer.

16.  A precipitous plunge in the value of the Thai currency last July sent shock waves across East Asia that are still being felt.

17.  Amnuay suggested that the Thai currency might be allowed to fluctuate more freely against the dollar.

18.  Analysts said the increase reflects the steady depreciation of the Thai currency, the baht, since it was floated during a wave of speculative attacks in July.

19.  And a sudden retreat by lenders would be a disaster for the Thai currency.

20.  And most foreign investors agreed that the Thai currency has, so far, been much undervalued.