The Thai baht ‘fickle’ minded policy swing is a classic example why we at The Panthenon Group do not invest nor trade in emerging currencies.
The risk is too high, given the illiquidity and more importantly, the lack of professional and expertise in the respective governments to manage the economy and currency.
It’s interesting how within a 24 hour period, the capital outflow penalty policy which attributes a 10% withholding tax on all capital outflows from Thailand was quickly abandoned.
In truth, the days of Thailand’s economic prosperity died when it decided to oust its PM, Thaksin Shinawatra.
The risk is too high, given the illiquidity and more importantly, the lack of professional and expertise in the respective governments to manage the economy and currency.
It’s interesting how within a 24 hour period, the capital outflow penalty policy which attributes a 10% withholding tax on all capital outflows from Thailand was quickly abandoned.
In truth, the days of Thailand’s economic prosperity died when it decided to oust its PM, Thaksin Shinawatra.
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