Thailand has adequate international reserves to cope with capital outflows

Thailand still has enough international reserves to cope with the capital outflows .

Bank of Thailand Governor Pridiyathorn Devakula (ปรีดิยาธร เทวกุล) said the central bank has prepared measures to deal with the capital outflows from sales of shares in the stock market.

M.R. Pridiyathorn said he was not concerned about the present financial situation as Thailand still had as much as 57 billion US dollars in international reserves while investments from the beginning of this year until now exceeded the outflows.

Source: Thai National News Bureau Public Relations Department - 17 June 2006

Thailand has adequate international reserves to cope with capital outflows

Thailand still has enough international reserves to cope with the capital outflows .

Bank of Thailand Governor Pridiyathorn Devakula (ปรีดิยาธร เทวกุล) said the central bank has prepared measures to deal with the capital outflows from sales of shares in the stock market.

M.R. Pridiyathorn said he was not concerned about the present financial situation as Thailand still had as much as 57 billion US dollars in international reserves while investments from the beginning of this year until now exceeded the outflows.

Source: Thai National News Bureau Public Relations Department - 17 June 2006

I take this as double-speak for 'I'm shit scared about the rate the loot is doing a runner", or why else would he be "preparing measures"? And what measures would they be I wonder?

Thailand has adequate international reserves to cope with capital outflows

Thailand still has enough international reserves to cope with the capital outflows.

I take this as double-speak for 'I'm shit scared about the rate the loot is doing a runner", or why else would he be "preparing measures"? And what measures would they be I wonder?

I found this report a little surprising, too. I wasn't aware that capital outflows were currently such a big concern.

I found this report a little surprising, too. I wasn't aware that capital outflows were currently such a big concern.

Do not panic. Remain calm. Move along now, nothing to see here. All is in order. Return to your homes...

The only way is not to convert too much baht or deposit much in any local banks, in case everyone run for their money, at least you know you are safe. We might not know the worst scenario, what we know is only hearsay.

Thailand has adequate international reserves to cope with capital outflows

Thailand still has enough international reserves to cope with the capital outflows.

I take this as double-speak for 'I'm shit scared about the rate the loot is doing a runner", or why else would he be "preparing measures"? And what measures would they be I wonder?

I found this report a little surprising, too. I wasn't aware that capital outflows were currently such a big concern.

Maybe Georgie Soros is having a little flutter on the Baht again?

Thailand has adequate international reserves to cope with capital outflows

Thailand still has enough international reserves to cope with the capital outflows.

I take this as double-speak for 'I'm shit scared about the rate the loot is doing a runner", or why else would he be "preparing measures"? And what measures would they be I wonder?

I found this report a little surprising, too. I wasn't aware that capital outflows were currently such a big concern.

Maybe Georgie Soros is having a little flutter on the Baht again?

Probably a response to a question from a stupid reporter with no idea that the baht isn't fixed as ridgedly as it used to be.

Having said that, only George Soros can play chicken with the bank of Thailand and stand a chance of winning. Lets hope the BOT doesn't blink and ole george ends up betting against himself, but I doubt it.

M.R. Pridiyathorn said he was not concerned about the present financial situation as Thailand still had as much as 57 billion US dollars in international reserves while investments from the beginning of this year until now exceeded the outflows.

Source: Thai National News Bureau Public Relations Department - 17 June 2006

I assume that M.R. Pridiyathorn (not many M.R.s around these days) is ignoring the illegal outflows generated by the major illegal markets of gambling, drugs, prostitution, firearms, and smuggling. Clearly the royal descendant has avoided reading Achaan Pasuk Phongpaichit's writings.

I found this report a little surprising, too. I wasn't aware that capital outflows were currently such a big concern.

Do not panic. Remain calm. Move along now, nothing to see here. All is in order. Return to your homes...

courtesy of your Thai shareholders and loyal wives cunnilingus?....this may be a sharp learning curve son Sure might surprise the Missus

regards

Edit...wrong thread

Edited June 18, 200620 yr by johng

Most people feel uneasy as soon as somebody says (for no apparent reason) DON'T PANIC.

Imagine that your sitting in first class reading a magazine, enjoying the flight, and the cockpit door opens. The pilot emerges wearing a parachute and smiling. "Dont panic" he says, and continues down the aisle disappearing into the rear of the plane.

For me, this has always been a sign to put down the magazine and pay attention.

We should add : what are... 57 billions USD nowadays ?

At the scale of world financials transactions ?

A misery.

A straw.

Indeed, 57 billion USD isn't what it used to be.

I suspect that when you have to cover huge currency losses, it takes several 18-wheelers full of gold to cover one day's losses. Or, they can start measuring the stacks of 100-dollar bills by the kilos.