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BigSnake

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Posts posted by BigSnake

  1. This is a very common thing, with the Thai Bar girls, mainly because they are GREEDY and INSECURE. They want to make sure they will not be high dry next month, it is a tough world for the bar girls, however that is no excuse for playing two guys, cheating, etc. May I suggest count your blessings(good job/good health,young(?)) and move on. Trust and believe that there are some wonderful Thai ladies out there, that will make a great life partner. "SEEK AND YE SHELL FIND" :o:D:D:D

  2. Maybe this topic has already been discussed, but I can't find it.

    I don't have a degree in, or even a basic understanding of world economics, but it just seems very strange that a developing country like Thailand has what appears to be one of the strongest currencies around. Our Aussie dollar has devalued by at least 30% against the Baht and I believe UK and USA currencies have taken similar losses. I'm sure the Thai economy must be paying the price, if not in exports, in tourism. Surely the Baht can't remain this strong against other currencies?

    Yes it has been discuss here before, so one more time my humble opinion the Bank of Thailand (BOT) is at work. :D:o

  3. When I arrived in Thailand last April, my monthly income from investments in the UK amounted to about 1050 GBP per month. This produced a monthly income of 65,265 Bhat, just about qualifying for the monthly requirement of 65.000 Bhat needed to obtain the O/A (retirement) visa. As part of my income fluctuates, and is only paid quarterly, I elected to go the lump sum route, and easily established that I had UK bank deposits in excess of the 12,800 GBP required ( or 800,000 bhat ) for the visa.

    Since then the exchange rate has fluctuated considerably. It rose briefly to 1 GBP = 67 Bhat, but has now dipped to 1 GBP = 48 Bhat.

    So currently my origional income of 1050 GBP would only produce a monthly income of 50,400 Bhat.

    In order to qualify for a further extension of my permission to stay based on retirement, I would need a monthly income of 1355 GBP, or a lump sum of 16,667 GBP deposited in a Thai bank, (Where it would earn no interest at all, thus further depleting my UK income) This amounts to having to find an extra 3867 GBP per year

    Some financial forcasters are so dubious about the prospects of Stirling, that they predict that the GBP could fall further to an exchange rate of 1 GBP = 35 Bhat within the next year.

    Under those circumstances my origional monthly income of 1050 would only produce 36,750 bhat. I would need a monthly income of 1857 GBP or to deposit 22,286 GBP in a Thai bank to qualify for a renewal of my permission to stay under the lump sum rule. This would require finding an extra 897 GBP per month, or 9486 GBP per year

    It's a problem for most Expats, so Btirs don't feel along :D:o

    The real situation turns out to be worse than that, for my actual income in the UK has fallen due to contracting interest rates.

    I wondered how other Ex-Pats intended to cope with this worsening situation... In my case, as I have married a Thai national, I have the option of renewing my permission to stay on the "Marriage" basis. This reduces the amount of income or lump sum required considerably, but even then, I would be in considerable difficulties if the Pound fell to the projected 35 bhat exchange rate.

    Should the prognostications of some financial doomsayers come to pass, and the UK banking system collapse altogether, then I would be unable even to afford a flight home, let alone provide for my new family.

    So, speaking to other British Ex-Pats in Thailand on retirement visas, what are your plans to deal with this situation?

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