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Political unrest is heightening baht oscillations against the US dollar, as Thailand finds itself without a stable government, the head of the Bank Thailand asserts. This turbulence introduces a greater risk factor amongst investors who are observing the foreign exchange rate, particularly between the baht and the US dollar, in light of Thailand’s current political … …

The story Thai baht instability rises due to political unrest as seen on Thaiger News.

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9 hours ago, ChrisS said:

Given the instability of the Thai government over many years I am surprised the Thai Baht is holding up as well as it is.

Up s**t creek without a paddle is one thing,  but now they don't even have a rudder. 

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According to the economist at the Bangkok post, the only reason the Bhat has held its value to date is because the BOT has spent some $37B over the last two and a half years defending it. 

https://www.bangkokpost.com/opinion/opinion/2626837/why-do-i-smell-tom-yum-kung-cooking-

Tough to do forever, especially if the country is in fact now having a liquidity crisis. 

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6 hours ago, gazmo16 said:

There's plenty of money sloshing around in some deep pockets. Maybe some need to put the needs of the country before themselves.

Now when has anybody in a position to change things ever done that? 

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The central bank’s projection for foreign arrivals this year stands at 29 million and predicts a figure of 35.5 million for 2024.

Hope they didn't use the TAT figures or borrow their calculator.

Maybe that visionary (dreamer) Pnut had a word or two with them.  🤣

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On 8/18/2023 at 8:36 AM, gazmo16 said:

There's plenty of money sloshing around in some deep pockets. Maybe some need to put the needs of the country before themselves.

Have you seen the cash term deposit interest rates in western countries lately?

5+%. Thai banks struggle to give 3%.

Think a lot of baht is OS earning big ones and the deep pockets are in the cleaners. 😂

On 8/18/2023 at 3:42 AM, EdwardV said:

According to the economist at the Bangkok post, the only reason the Bhat has held its value to date is because the BOT has spent some $37B over the last two and a half years defending it. 

https://www.bangkokpost.com/opinion/opinion/2626837/why-do-i-smell-tom-yum-kung-cooking-

Tough to do forever, especially if the country is in fact now having a liquidity crisis. 

Maybe you haven't noticed that most notes issued by atms are straight off the press.  They are just printing more, but, they will find that like all deceptions, they come back to bite you in the rear.

But that will be the problem of the new Govt.

Pnut and co (who created the mess) will say "see the new Govt have stuffed it up already"

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