Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (43787)	12/21/2003 11:41:48 PM
From: elmatador	Respond to of 74559

Manipulating the value of the baht hurts Thailand’s image among investors Published on Dec 22, 2003 Last month it appeared that the government was pegging the baht at 39.90 to the dollar. This month it seems that the government has a new peg of 39.64 to the dollar. What will be next month’s peg? I wish I knew the government’s strategy for manipulating the baht. How long will it fight market forces that should cause the baht to appreciate? How much of the country’s reserves is it willing to throw away in order to artificially keep the baht weak? How will the government prevent a sudden, abrupt change in the baht’s value once it stops pegging the baht? Finally, I’d like to know the government’s strategy for countering the damage to Thailand’s image that attempting to manipulate the baht is causing in the minds of international investors and financiers. Clearly PM Thaksin wants Thailand to be recognised as one of Asia’s first-tier countries (along with Japan, Singapore and Korea), so why is he using a “second-tier country” strategy to artificially set the value of the Thai currency? Bill Stark nationmultimedia.com Passing by BKK Will spend Xmas in Hua Hin. Back to KL Monday 29.12