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THAILAND: BAHT HITS RECORD LOW AGAINST THE US DOLLAR
นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูเพิ่มเติม
(6 Jan 1998) Thai/Nat\r
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Thai prime minister, Chuan Leekpai, says the worst is yet to come for the nation’s \r
beleaguered currency. \r
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Chuan made his comments as the baht hit a record low against the US dollar plunging through the milestone \”fifty\” level for the first time. \r
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The government is expected to ask the IMF (International Monetary Fund) for an easing of terms for its continuing bailout package.\r
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For tourists and dollarholders, the end of the New Year break brought a seasonal windfall.\r
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The baht was trading at 51.05 against the US currency a level unthinkable six months ago. \r
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It has now lost half its value since its floatation in July last year.\r
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The stock market, too, was down. \r
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Dealers blamed a general fall in regional currencies. \r
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It was a nightmare start to 1998 for the Chuan administration, following last year’s financial tumble, and, in a frank admission, the premier said he expected worse to come in the next few months.\r
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SOUNDBITE: (Thai)\r
\”I have to be frank. I can’t predict what level the baht will be this year, but I have said there will be a period of turbulence, of volatility over the next few months.\”\r
SUPER CAPTION: Chuan Leekpai, Prime Minister, Thailand \r
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Chuan said the baht would stabilise, but not at a level that reflected fairly the economic picture.\r
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SOUNDBITE: (Thai) \r
\”I think the baht will enter a period of stability after the New Year but the range at which the baht will be moving will not reflect the basic economic fundamentals of the country for some time.\”\r
SUPER CAPTION: Chuan Leekpai, Prime Minister, Thailand \r
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Thailand is currently trying to meet the conditions of an agreement with the IMF for a 17 (b) billion US dollar bailout. \r
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The continuing slide is making that ever harder.\r
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That’s why Finance Minister Tarrin Nimmanahaeminda is now expected to ask the IMF to ease its terms, later this month.\r
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On the positive side, Thailand has seen a surge in export growth and a huge new tourism drive is carrying hopes of an influx of foreign cash.\r
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The premier says this, and other moves, such as the closure of 56 insolvent finance companies, will lead to new confidence in the country.\r
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SOUNDBITE: (Thai)\r
\” I believe that by the early part of this year we’ll be able to restore stability and to strengthen the financial sector, whether it be banking or other financial institutions.\”\r
SUPER CAPTION: Chuan Leekpai, Prime Minister, Thailand \r
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All this, and Pol Pot too. \r
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As mystery continues over the whereabouts of the former Khmer Rouge leader, Chuan Leekpai said he was in the dark.\r
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SOUNDBITE: (Thai)\r
\” There’s no evidence to tell us where Pol Pot is. We just don’t know. All I can tell you is this he is not in Thailand.\”\r
SUPER CAPTION: Chuan Leekpai, Prime Minister, Thailand \r
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The Thai border close to Pol Pot’s last known refuge is currently heavily guarded, though the frontier’s extremely porous. \r
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Pol Pot would have to come through Thailand to leave Cambodia.\r
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You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/32b6e1308407d56d16e17f4714981d62
THE THAI BAHT vrs THE US DOLLAR V465
Link to the report about the US dollar verses the Thai Baht currency
https://www.msn.com/enus/money/markets/thailandscurrencykeepsgettingstrongerandthatssparkingconcerns/arAAF5S6Q?ocid=spartandhp
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นอกจากการดูหัวข้อนี้แล้ว คุณยังสามารถเข้าถึงบทวิจารณ์ดีๆ อื่นๆ อีกมากมายได้ที่นี่: ดูบทความเพิ่มเติมในหมวดหมู่BUSINESS & INVESTMENT tại đây
