koolkarl

If you wire Thai baht to Thailand from outside Thailand, the funds first go to the Bank of Thailand and then to Siam Commercial Bank. They deduct 1000 baht and then reroute the money to the final destination bank who helps themselves to a further 795 baht in Bangkok Bank's case. This is excluding the wire fee from the originating bank. If you wire USD to Thailand, it always goes via JPM in NY who takes $50 US to reroute funds to your Thai Bank, who again charge money to receive the funds plus make money converting the USD to THB. What a racket.

This is a civil matter not criminal.

Authorities should spend their time doing useful things like a thorough investigation of the newly elected PM, making sure there will never be indiscriminate burning again, taxing Thaksin's and Sleepy's watches, etc., instead of denying people some fun.

The US doesn't want its products banned from Thailand. Everything revolves around money.

And what do the Thai people do? Complain on social media. Big deal.

He arrives the same day the new puppet PM gets the job, his friend. The new PM will pardon him very shortly.

Prices for just about everything have been rising about 10% per year for years already. He hasn't explained how he calculates the Thai inflation rate each year. I can get 5.5% interest on US funds outside this country compares to 1.5% paid by Thai banks in baht. The baht should be far weaker against the USD and a USD swap line must be used to keep the baht at it's ridiculous level. I notice that no members are looking at this article. Government loves apathy.

Its natural.

There is only 1 thing all politicians are afraid of and force them to do what the people want and it isn't waving a sign. Up until a few weeks ago, army helicopters flew daily over Chiang Mai looking out for large gatherings I am sure. Entire political process is well orchestrated.

Thankfully they have the printing presses running 24/7. The entire military costs and space program have always been off balance sheet. In other words, they don't care how much they spend. US power comes from the USD being the reserve currency of the world. Without it, they are done. Going off the gold standard gave politicians the green light to spend at will. Then there is Japan. A new definition for being bankrupt. Entire financial system is smoke and mirrors.

I just came off the Ring Rd. and for about 2 km. this old diesel pick up truck was belching black smoke the entire way. That is one reason why the ice is missing.

Do they look at the price of used furniture to calculate their CPI? Everything I buy has been rising 10% per year for ages already. With interest here far below the US, the Bank of Thailand has been busy selling USD via their swap line and buying baht non stop. Most obvious case of currency manipulation.

Now a full independent audit on all his and his wife's bank accounts, especially wire transfers out of the country.

Told you the handsome fellow with the most expensive watches on the planet will be PM, elected or not. Assuming he can stay awake or not pick his nose in front of a camera. A true dog and pony show.

All planned for him to be the next PM, elected or not. Wonder if he has submitted a recent statement of assets?

A form of bribery so the masses feel good and don't riot.

Better bring their army helmets and gas masks. It was so much better here with covid lock down. Even the marine life was flourishing.

Thai central bank and it's USD swap line.

Will be that handsome fellow with the very expensive borrowed watches. All planned.

Disgusting to the max. I think if you tied a beef steak around his neck, a dog wouldn't play with him.

The US did nothing in Burma and will do nothing here too. The army have the guns and Thai people don't have the guts. As foreigners, if you don't have to be here, find another country. It isn't safe.

Many months or even a year or 2 as per charts. No one can give a firm answer. If SPX crashes, as technicals indicate, or if a nuclear war starts in Europe or China invades Taiwan, etc., all factors that effect currencies.

Only the Thai central bank, with it's USD swap line, can move the baht currency significantly. No individual can buy or sell large amounts of baht. It is a controlled currency. The baht was heavily manipulated yesterday and prior few days as evident by the volume. In the long run, the baht will fall significantly against the USD.

What a waste of time. Part of the dog and pony show.

Pita isn't too bright for a politician. He should have maintained that the senate will remain intact and no changes will be made, when Pita was on the election trail. After he secured the PM job, then make the necessary changes. But, too late.