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State of economy worse than initially estimated: BOT

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Posted (edited)

nz $ has strengthened over this week first time over 20 for some time

 

Edited by whiteman
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16 minutes ago, Misterwhisper said:

So if

and

and

and

then why would there be

?

 

Under all these above conditions PLUS the fact that millions of workers have lost their jobs while inflation soars, shouldn't the THB tank at least a little bit instead of strengthening? I just don't understand what is keeping it so high. It cannot be due to (foreign) investors parking their funds in the THB as a "safe haven currency" alone, can it?

No.

Interest rate now at all time low at 0.5%

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