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    Thai business stories

    Baht too strong - urgently needs freedom to float

    By oldexplorer, Created on: 12/03/2009, Last updated on: 04/11/2015

    ยป As the massive Chinese economy begins a freefall descent in response to the Western financial collapse, the Abhisit government needs to assist Thai exports by allowing the Baht to float downwards. Keeping the Baht slavishly locked to the US Dollar is short-sighted, and will simply make Thai exports...

    • Devilden commented : The US dollar had gained in value against most major currencies of the world in the past six months but NOT the Thai Baht. As long as that 's the case I will not consider Thailand as my vacation destination ..I will go where my dollar stretches further like Brazil, Argentina,Columbia,Vietnam...the heck with that phony artificially inflated baht.

    • 36 replies, 213,281 views

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