BANGKOK: The Thai baht plumbed its lowest level in almost four years on Monday as a political crisis grew more intractable, with anti-government protesters attempting to stop candidates from registering for a February election.
Tens of thousands of protesters rallied across the capital on Sunday as they pressed ahead with their demands that Prime Minister Yingluck Shinawatra, the sister of self-exiled former premier Thaksin Shinawatra, resign.
Yingluck remains caretaker premier after calling a snap election for Feb. 2 in a bid to cool tension.
The main opposition party has decided to boycott the vote as it tries to stop her from renewing her mandate and perpetuating the influence of the powerful former telecommunications tycoon Thaksin.
It is an all-too-familiar picture after eight years of deadlock broadly between supporters and opponents of Thaksin, whose populist political machine has won every election since
2001 with widespread support from the rural poor in the north and northeast.