Quote:
Originally Posted by faxxaff
Since Thailand is a country with a very strong domestic economy, they do wan't their currency to stay strong. They don't need to weaken, but strengthen the value of the Baht so Thai people have more buying power and foreigners will invest less likely in the country. As you know it is very difficult to make larger investments in Thailand since they are very protective of their own land.
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the problem of the high baht has already reached the economy.
rice, rubber, coconut oil and the tourism industry got hit hard.
the reasons for that are the big investments that are made in thailand and with them the high demand on the baht.
as more i wonder that trump talks about currency manipulation. in the past 4 years the baht did not decrease but increase in value more than 20%.
the circumstances in thailand are a very other topic but interesting to discuss. but the obvious part is here again on trump and that he is talking bullshit. but his supporters believe him even when they could easily make a fact check and see that he is lying like always.