BOT plans measures to curb baht’s rapid appreciation

[Mavideol]

5 hours ago, Ketyo said:

This is good news.

 

Those capital controls were put in place after the Asian Financial crisis in 1997. They are there to fix that problem. When people rushed to get their money out of Thailand.

 

22 years later he world and Thailand is a very different place. People can invest in Thailand but its a real problem to get your money out. So money is building up and the Baht is strengthening artificially to the extent that it is throttling exports and risking sustainable economic development.

 

22 years later the BOT have recognised this as a problem. BTW global financial institutions don't like capital controls because they cause market distortions like this. They only support them for short term emergencies.

 

22 years of capital controls later. The BOT have recognised this as a problem.

 

Well done.

 

While they are busy removing capital controls they can also remove those import tariffs that also keep the Baht artificially high, imports costs of products (that don't even have competitor producers in Thailand) artificially high and slow down the domestic economy.

you are saying that it took 22 years for BOT to understand the problem.....I know they are slow learners but 22 years? that's almost a  life time