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Thai PM Launches Project to Transform Thailand into Financial Hub


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Posted
3 minutes ago, Incorrigible1 said:

With this protection, better to leave your money in a box under the bed:

 

 The Thai Savings Guarantee protects up to a maximum of ฿1 million baht per person per bank. 

Is this true....up to I billion. I had thought they introduced total insurance for all accounts after the 1997 crash....but had gradually cut that back to 1 million

 

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Posted

Ahhh I see you have edited the figure down to one million now. Will this be made higher do you think? It might make investors feel a bit more safe. 

Posted
10 minutes ago, Incorrigible1 said:

The Thai Savings Guarantee protects up to a maximum of ฿1 million baht per person per bank. 

 

Which is significantly higher than most countries in the west.

 

In Belgium your savings guarantee is 100.000 Euro (~4 million baht) per individual, so that is all banks combined.

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Posted
Just now, MarkT63 said:

One look at the stupid facial recognition farce at Krungsri bank will tell you everything you need to know about the state of financial management in Thailand :cheesy:

 

 

Whats all that about? keep getting asked to go in for a photo but never have

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Posted
1 hour ago, retarius said:

Is this true....up to I billion. I had thought they introduced total insurance for all accounts after the 1997 crash....but had gradually cut that back to 1 million

 

It's not even for all accounts, it's per bank no matter how many accounts you have with them. Yes I million. 

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