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Amnuay was shockedIt was not until the third week of May 1997 that Rerngchai Marakanond, the Bank of Thailand governor, gave an in-depth briefing to Dr Amnuay Viravan, the finance minister, about the financial system and the currency crisis.The twin problems had been haunting them throughout the first half of the year. The problems would continue to get worse.After Amnuay had learnt about the huge sw....
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The Licence To Make War On May 27, 1997 Rerngchai Marakanond, the Bank of Thailand governor, wrote on that same memo that Dr Amnuay Viravan, the finance minister, should be fully informed about all the matters since he chaired the Exchange Equalisation Fund and supervise the Bank of Thailand.So the Bandid Report, “The Foreign Exchange Market Intervention to Stabilise the Baht,” written on May 12, 199....
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