• Tawan
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  • email : tawan3@hotmail.com
  • created : 2007-07-24
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Thailand News & Views
To Bring the World to Thailand and Thailand to the World in English.
Permalink : http://blog.nationmultimedia.com/tawan3
Friday , August 24 , 2007
Merlin has won BOT forced out
Posted by Tawan , Reader : 1324 , 10:01:24  
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The Finance Ministry plans toask the BOT to abandon its unpopular capital control measures and instead force the BOT to adopt an exchange rate target for the baht that copies regional currencies.

Thailand knows what is coming down the road after the credit crunch is over. Emerging Market economies growth for the first time is fueling the global economic engine instead of the US consumer. The US dollar will get weaker and weaker and Asia's currencies stronger.

Despite IMF warnings that Thailand will lose flexibility to respond to future world shocks. Merlin has decided that Thailand's financial markets will remain primitive. Who is not surprised?


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