Thailand's coup leaders said government agencies, financial markets and state run companies would re-open tomorrow after staying closed today.
'All government agencies, state enterprises, companies, employers and the Stock Exchange of Thailand will open for business as normal on Thursday,' said a statement read on national televison today.
The coup leaders led by General Sonthi Boonyaratglin had declared today 'a holiday for government, banks and the stock exchange in order to quickly restore law and order.'
General Sonthi had told the press conference that the 'worsening situation' in Thailand was the main reason to launch a coup agaist Prime Minister Thaksin Shinawatra.
Meanwhile, the head of the International Monetary Fund said today there has been no financial impact yet from the coup in Thailand.
'We are following the developments very closely and we certainly have not seen up to now any financial consequences,' IMF Managing Director Rodrigo Rato said today at the close of the annual general assembly of the Fund and the World Bank in Singapore.
'We look forward for an evolution in the benefits of democracy and stability in the country,' he added.
The Thai baht fell against the dollar as markets reacted nervously to news that Thailand's armed forces had seized power yesterday from Prime Minister Thaksin Shinawatra in a late-night bloodless coup.
Ratings agency Standard and Poor's said the coup risks paralyzing policymaking and undermining the investment climate. It also warned of a possible credit rating downgrade.
Fitch Ratings also placed its ratings for Thailand on review for possible downgrade but Moody's Investors Service showed less concern, saying the military's move to seize power was largely a domestic political, rather than financial, development.
Most of Thailand's delegation to the IMF and World Bank meetings in Singapore rushed home today after the coup but the country's finance minister appeared to be staying on.
Thailand's economy had been suffering because of a long-running political stalemate under the current administration.
