Something strange happening to Thai banks deposit protection starting soon

[IAMHERE]

The timing concerns me; be different if the exchange rate wasn't going against the baht.

[abrahamzvi]

On 8/5/2021 at 11:48 AM, bert bloggs said:

And that is why after 14 yrs i changed to a marriage visa 2 yrs ago,on another note,saying how much Thai banks have in unpaid loans ,3 years ago i phoned the bank to ask how much they wanted for a house on our estate,29 million , about 3 weeks ago i phoned again 15 million," i cant afford it i replied ,oh the owner will cut to 12 million ime sure" and thats just one property,been empty for about 5 to 6 yrs.i reckon at the very most its worth 8 million these days.

Well, looking at ads and speaking to real estate people. one thing is certain, it is a buyer's market. Some properties, not only condos, have dropped by 50% in value.

[nomad2019]

On 8/4/2021 at 11:35 AM, KannikaP said:

I wonder what applies to Foreign Currency Accounts.

no ,read it

Thai baht account only

[nomad2019]

Global crash coming soon

next couple of years????????????????

 

and the banks know it !

[worgeordie]

Thai's will be moving their money to Government* owned banks,

like Government Savings Bank, Government Housing Bank, and

The Bank for Agriculture And Agricultural Cooperatives  BAAC,

which guarantee any amount, as the Government would also

have to go bust.....anybody check those massive foreign currency

deposits we have been told about...... are still there, ..or overseas

safe havens, for the really wealthy .

regards Worgeordie  * good for the Government who need money.