snoop1130 Posted January 25, 2021 Share Posted January 25, 2021 Finance Ministry Issues B60bn “We Win” Bonds BANGKOK, Jan 25 (TNA) – The Finance Ministry issued “Rao Chana” (We Win) saving bonds worth 60 billion with a 2% annual interest in the 2021 fiscal year. Patricia Mongkhonvanit, director-general of the Public Debt Management Office, said that with the bonds the government planned to raise a fund to relieve COVID-19 impacts on people and stimulate the economy. Saving bonds were secure and offered good returns when the money market faced risks from fluctuating economic conditions, she said. Full Story: https://tna.mcot.net/english-news-624439 -- © Copyright TNA 2021-01-25 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 25, 2021 Share Posted January 25, 2021 How generous at 2% interest. Going to need to hold onto them for awhile to make any money yourself. Why are they not using the Foreign Currency reserves to assist? Why do the Thai people need to bail out the country? Am I missing something here, besides the fact that Thailand does not want to run a debt, or risk the baht dropping down in exchange rates with other foreign currencies.... 1 Link to comment Share on other sites More sharing options...
Misterwhisper Posted January 26, 2021 Share Posted January 26, 2021 2% per year i.e. an interest yield that's lower than the annual inflation rate. How enticing. How luring. How irresistible. For dummies. Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 26, 2021 Share Posted January 26, 2021 2 minutes ago, Misterwhisper said: 2% per year i.e. an interest yield that's lower than the annual inflation rate. How enticing. How luring. How irresistible. For dummies. I would rather buy the New King Bhumibol gold piece I saw advertised. Be like a gold krugerand one day. 1 Link to comment Share on other sites More sharing options...
klauskunkel Posted January 26, 2021 Share Posted January 26, 2021 Finance Ministry: We Win everyone else loses 1 Link to comment Share on other sites More sharing options...
Misterwhisper Posted January 26, 2021 Share Posted January 26, 2021 1 hour ago, klauskunkel said: Finance Ministry: We Win everyone else loses Exactly. You hit the proverbial nail on the head. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now