Flashermac Posted February 2, 2009 Report Share Posted February 2, 2009 Does the reserve include Thaksin's billions? Link to comment Share on other sites More sharing options...
cavanami Posted February 2, 2009 Report Share Posted February 2, 2009 Just heard on the Thai TV News that the new PM said LOS is going to borrow some $$$. Not sure from where, maybe the World Bank? IMF? Mr. Taksin? Link to comment Share on other sites More sharing options...
shygye Posted February 2, 2009 Report Share Posted February 2, 2009 Maybe Japan. Link to comment Share on other sites More sharing options...
kamui Posted February 2, 2009 Report Share Posted February 2, 2009 China? China has too much USD anyway it's chest anyway and it can gain even more control in the SE-Asia with this... Link to comment Share on other sites More sharing options...
chelseafan Posted February 2, 2009 Report Share Posted February 2, 2009 Maybe because they have been propping the baht up for some unknown reason? I refuse to believe that it is stable with the US$ on its own. The fundamentals are just not here, especially compared to the slide that the Sterling and the Oz $ has experienced. Cheers, SD I am no economist, but the Baht hasnt got stronger, its the other currencies that have got weaker. This puts Thailands huge export market in jeporady. I would expect some sort of devaluation in the not-so-distant future. Link to comment Share on other sites More sharing options...
HeartThais Posted February 2, 2009 Report Share Posted February 2, 2009 HT, 110B? Where did that number come from? The article posted listed 52B in reserves. SD Bank of Thailand posts their foreign reserves every week here: http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=94&language=ENG The treasury reserve is different and isn't used for fx intervention. That's basically how much money the government of Thailand has = tax revenue - government expenditures. The treasury reserve is 52B baht. The foreign reserve is 110B dollars. Link to comment Share on other sites More sharing options...
chelseafan Posted February 2, 2009 Report Share Posted February 2, 2009 which considering most european countries are flat broke (the UK have borrowed 44billion pounds) is a pretty good haul. Link to comment Share on other sites More sharing options...
Faustian Posted February 3, 2009 Author Report Share Posted February 3, 2009 As an aside, I just scanned the condo rental/buy sites. If anything prices are still getting higher! Crazy. Seems to be a glut at the moment. Hundreds available to rent or buy. No price reductions. Link to comment Share on other sites More sharing options...
samak Posted February 3, 2009 Report Share Posted February 3, 2009 As an aside, I just scanned the condo rental/buy sites. If anything prices are still getting higher! Crazy. Seems to be a glut at the moment. Hundreds available to rent or buy. No price reductions. that's nothing new; same in 1997! you have to wait for the bank auctions! i see now more and more middle class thais returning houses/condos to the banks; next will be that some of the large developers run out of cash! Link to comment Share on other sites More sharing options...
Mentors Posted February 3, 2009 Report Share Posted February 3, 2009 they back up the BAht, but how long they can? the end is near ...again Link to comment Share on other sites More sharing options...
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