snoop1130 Posted November 18, 2019 Share Posted November 18, 2019 Thai central bank chief says 'very worried' about strength of baht FILE PHOTO: Thailand's Central Bank Governor Veerathai Santiprabhob poses during an interview with Reuters at the Bank of Thailand headquarters in Bangkok, Thailand, April 1, 2019. REUTERS/Athit Perawongmetha/File Photo BANGKOK (Reuters) - The strength of Thailand's baht is a concern for the trade-reliant economy which is expected lag the central bank's growth forecast for this year, the Bank of Thailand governor said on Monday. "We are very worried about the baht," BOT Governor Veerathai Santiprabhob told a seminar in the southern province of Songkhla. The baht <THB=TH> is Asia's best performing currency this year, rising 7.7% against the dollar, underpinned by the country's large current account surplus. This year's economic growth is expected undershoot the central bank's forecast of 2.8%, Veerathai said. -- © Copyright Reuters 2019-11-18 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
RotBenz8888 Posted November 18, 2019 Share Posted November 18, 2019 5 minutes ago, snoop1130 said: 'very worried' about strength of baht He's not alone.... Link to comment Share on other sites More sharing options...
CharlieH Posted November 18, 2019 Share Posted November 18, 2019 Took you long enough to realize what we have all been feeling for months ! Link to comment Share on other sites More sharing options...
Artisi Posted November 18, 2019 Share Posted November 18, 2019 Absolutely brilliant analysis to the problem, the man should be promoted and given a massive pay rise. Link to comment Share on other sites More sharing options...
bluesofa Posted November 18, 2019 Share Posted November 18, 2019 3 minutes ago, CharlieH said: Took you long enough to realize what we have all been feeling for months ! The only thing is, for months no one higher in government gave a toss about it. Now they do, the BOT Governor is 'very worried' - that he might lose his job. Link to comment Share on other sites More sharing options...
racket Posted November 18, 2019 Share Posted November 18, 2019 They are out of ammo to do anything about it, and they don't want to repeat the mistakes of 1997. Link to comment Share on other sites More sharing options...
meechai Posted November 18, 2019 Share Posted November 18, 2019 Run Forest Veerathai Run !! ???? Link to comment Share on other sites More sharing options...
Mavideol Posted November 18, 2019 Share Posted November 18, 2019 39 minutes ago, snoop1130 said: "We are very worried about the baht," BOT Governor Veerathai Santiprabhob told a seminar in the southern province of Songkhla. he was just venting, he's not worried at all, if he were worried he would have made a move (depreciating the baht) long time ago, he knows tourists are less than expected, exports are slowing on a daily basis and yet the bath still very strong Link to comment Share on other sites More sharing options...
the guest Posted November 18, 2019 Share Posted November 18, 2019 Nothing will happen, the Generals and the Echelons are too busy buying assets outside of the country. Since they run everything, no incentive to change the status quo is there ! Link to comment Share on other sites More sharing options...
smedly Posted November 18, 2019 Share Posted November 18, 2019 2 hours ago, snoop1130 said: Thai central bank chief says 'very worried' about strength of baht why didn't you take action 3 years ago ??? oh that's right - the corrupt powers that were running the country wouldn't let you because they put their own interests above the Thailand economy Link to comment Share on other sites More sharing options...
smedly Posted November 18, 2019 Share Posted November 18, 2019 2 hours ago, CharlieH said: Took you long enough to realize what we have all been feeling for months ! actually, years Link to comment Share on other sites More sharing options...
overherebc Posted November 18, 2019 Share Posted November 18, 2019 2 hours ago, CharlieH said: Took you long enough to realize what we have all been feeling for months ! Months??? Try 2 years. ???????? Link to comment Share on other sites More sharing options...
overherebc Posted November 18, 2019 Share Posted November 18, 2019 18 minutes ago, smedly said: actually, years OK. You beat me to it. ???????? Link to comment Share on other sites More sharing options...
jollyhangmon Posted November 18, 2019 Share Posted November 18, 2019 Thai central bank chief says 'very worried' about strength of baht ... , tell u what chief, makes at least 2 of us, damn, add to that the sharp decline in already bad dope quality ... downright devastating!! Link to comment Share on other sites More sharing options...
jabis Posted November 18, 2019 Share Posted November 18, 2019 Nice try Link to comment Share on other sites More sharing options...
WeekendRaider Posted November 18, 2019 Share Posted November 18, 2019 they mean to exports and tourism? and consumption... by folks with their money overseas, which is not necessarily only “foreigners”. the nominee folks, with foreign “street names”. if that money continues to return... along with the obvious new trend to be as liquid.... locally where one lives.... continuing to pulsate more and more conspicuously (negative rates even at some point on Italian and Greek debt).... we could go to the teens against the dollah. easily. yeah, that’s a worry. unless you are an everyday Thai person making 20 Baht here and 30 Baht there... and the Baht is also becoming more “real”... something you can buy stuff with. Link to comment Share on other sites More sharing options...
CALSinCM Posted November 18, 2019 Share Posted November 18, 2019 11 hours ago, snoop1130 said: Thai central bank chief says 'very worried' about strength of baht Hang-wringing, hand-wringing - no action by the Central bank. <shrug> Link to comment Share on other sites More sharing options...
Destiny1990 Posted November 18, 2019 Share Posted November 18, 2019 Don’t worry be happy. Link to comment Share on other sites More sharing options...
Matzzon Posted November 18, 2019 Share Posted November 18, 2019 Wonder how he explains his unqualified comments the past 1-2 years. Link to comment Share on other sites More sharing options...
jlwilliamsjr18 Posted November 18, 2019 Share Posted November 18, 2019 Regardless... these things don't just happen. Why not just take their hands off the scales? Link to comment Share on other sites More sharing options...
Borzandy Posted November 18, 2019 Share Posted November 18, 2019 12 hours ago, Artisi said: Absolutely brilliant analysis to the problem, the man should be promoted and given a massive pay rise. Already done. Link to comment Share on other sites More sharing options...
miamiman123 Posted November 19, 2019 Share Posted November 19, 2019 We are very worried but not for ourselves unfortunately Link to comment Share on other sites More sharing options...
soalbundy Posted November 19, 2019 Share Posted November 19, 2019 12 hours ago, Mavideol said: he was just venting, he's not worried at all, if he were worried he would have made a move (depreciating the baht) long time ago, he knows tourists are less than expected, exports are slowing on a daily basis and yet the bath still very strong Yes that would work, depreciate the currency and get smacked on the head as a currency manipulator by the US. Link to comment Share on other sites More sharing options...
spidermike007 Posted November 19, 2019 Share Posted November 19, 2019 Finally. A hint of honesty from a Prayuth administration official. This is astonishing. Link to comment Share on other sites More sharing options...
BestB Posted November 19, 2019 Share Posted November 19, 2019 Fact that it’s been upgraded to “very worried” is actually worrying me. It means problems are by far worse than reported, just how much worse will find out soon enough. Link to comment Share on other sites More sharing options...
neeray Posted November 19, 2019 Share Posted November 19, 2019 12 hours ago, Mavideol said: the bath still very strong I think you nailed it. He needs to take a very hot "bath". Link to comment Share on other sites More sharing options...
klauskunkel Posted November 19, 2019 Share Posted November 19, 2019 13 hours ago, snoop1130 said: Thai central bank chief says 'very worried' about strength of baht He finally caught on..., a spirit must have told him. Link to comment Share on other sites More sharing options...
legend49 Posted November 19, 2019 Share Posted November 19, 2019 13 hours ago, Artisi said: Absolutely brilliant analysis to the problem, the man should be promoted and given a massive pay rise. He just finished economics 101 module yesterday, give him a break. LOL. Link to comment Share on other sites More sharing options...
legend49 Posted November 19, 2019 Share Posted November 19, 2019 14 minutes ago, spidermike007 said: Finally. A hint of honesty from a Prayuth administration official. This is astonishing. It will be labelled as FAKE news my Cha Cha Link to comment Share on other sites More sharing options...
john west Posted November 19, 2019 Share Posted November 19, 2019 13 hours ago, CharlieH said: Took you long enough to realize what we have all been feeling for months ! Well it has been years!!! Link to comment Share on other sites More sharing options...
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