social.coop is one of the many independent Mastodon servers you can use to participate in the fediverse.
A Fediverse instance for people interested in cooperative and collective projects. If you are interested in joining our community, please apply at https://join.social.coop/registration-form.html.

Administered by:

Server stats:

489
active users

#thb

1 post1 participant0 posts today

#Thailand Baht (#THB) fall precipitously against the USD, nearly reaching a level of 37 to the dollar. Pheu Thai party's signature economic stimulus plan, which will distribute 560 THB to citizens, is view by experts as the cause of this sharp decline. Bank of Thailand raises key interest rate in response to government borrowing to finance the plan investing.com/news/economic-in

Investing.com · Thai PM touts stimulus plans, meets central bank chief after surprise rate hikeBy Reuters

#Thailand's Finance minister says that policy makers still have "monetary and fiscal policy space" to reign in the #THB, but for some reason, this is not the time. As a side note, it's almost amusing the US is considering listing Thailand as a currency manipulator, when its attempts to manipulate in favor of the USD have failed. bangkokpost.com/business/18284

www.bangkokpost.comPolicymakers weigh baht optionsPolicymakers still have monetary and fiscal policy space to rein in the stronger baht, but it will be used when appropriate, says Finance Minister Uttama Savanayana.