Thai Baht May Hit 30 To The Us Dollar

Thai Baht May Hit 30 To The Us Dollar

The Thai exporters (and me) are crying foul play when the experts now say that without the government intervention that Thai Baht should be 30 THB for 1 USD. Also the customs department has lost 3 billion THB only this year.

The government sees no reason to intervene and want the THB to let have its course meaning the Thai exporters will be weaker against the Chinese for example and currency that is much underrated. But something similar to what the Chinese government is doing does not interest the Thai military junta their idea is that the more people want the THB better and higher it will be, very good comment of the BOT chairman. Lets hope that the Bank of Thailand chairman knows more about money then the IT minister of Thailand knows about websites.

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