I have a few hundred dollars which I gave to local Thai friends  who tried to exchange them for Baht yesterday. ALL banks in Surin were visited and all refused to exchange the currency. They had to drive to Buriram Airport before the dollar was accepted.

Is anyone having the same problem elsewhere in Thailand?

 

Kind of a misleading thread title.  The rate hasn't fallen.  Weird why there was an issue exchanging it.  Perhaps the people thought there was cover on it.

 

 

they traded usd from my bank account for baht.  So THAT is not the problem.  no idea about taking usd cash

17 minutes ago, fgmr said:

I have a few hundred dollars which I gave to local Thai friends .. in Surin .

Is anyone having the same problem elsewhere in Thailand?

What? Giving away hundreds of dollars to Thai friends in Surin? Nah.

Economist in US has warn that Dollar going down. Us debt is now 80% from GDP and Dollar is fall last month against €.

 

Edited July 30, 20205 yr by 2 is 1

It's like paper. They print a lot of that over there all the time.

Suspect it is a covid issue - nobody wants to handle foreign currency anymore - reports from those returning quarantine hotels and ordering room service have been cash bills only on table outside room, sprayed with disinfectant and then allowed to dry and then sprayed again and then taken in surgical gloves.  Foreign currency is obviously foreign so must be suspect.

5 minutes ago, OneMoreFarang said:

It's like paper. They print a lot of that over there all the time.

Yeah that's problem! Goldman Sachs estimate that inflation is going to rise that coverments get more benefit to pay they debt's. Also estimate that Gold/ounce is going to cost 2300 Dollar. So happy for people who have invest gold when was cheap.

19 minutes ago, 2 is 1 said:

Economist in US has warn that Dollar going down. Us debt is now 80% from GDP and Dollar is fall last month against €.

 

The $Au is higher against the $US than it has been for over a year.. and still going up by the looks of it..  .7179 this morning.. 

Edited July 30, 20205 yr by Laza 45

5 minutes ago, lopburi3 said:

Suspect it is a covid issue - nobody wants to handle foreign currency anymore - reports from those returning quarantine hotels and ordering room service have been cash bills only on table outside room, sprayed with disinfectant and then allowed to dry and then sprayed again and then taken in surgical gloves.  Foreign currency is obviously foreign so must be suspect.

It would seem that decontamination processes are not available. So how dirty is the Baht, lol? Perhaps Rooster would enlighten us neanderthals in his next column!

 

 

... yeah man, annoyingly paranoid, already started mid April in some places ... here's the respective announcement of Bangkok Bank for example:

 

https://www.bangkokbank.com/en/Personal/Other-Services/Currency-Exchange

 

 

1 hour ago, jollyhangmon said:

 

... yeah man, annoyingly paranoid, already started mid April in some places ... here's the respective announcement of Bangkok Bank for example:

 

https://www.bangkokbank.com/en/Personal/Other-Services/Currency-Exchange

 

 

And give the Bank 220B every withdrawal. It was free back in 2005.

2 hours ago, MJKT2014 said:

What? Giving away hundreds of dollars to Thai friends in Surin? Nah.

Typical ThaiVisa farang cynical response and avoiding the real issue. Several Bank Branches in Prasat, Surin, Buriram were visited only to be refused the transaction.

Would a return to the Gold Standard help all hoarders?