Weaker baht may not help economy if COVID not contained

The baht has seen a steady slide for weeks amid a surge in COVID-19 infections and deaths recently. The baht fell to 33.39 to the US dollar at one point…

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This file photo dated 05 September, 1997 shows exchange rates at the Bangkok Bank. (Photo by GARY WAY / AFP)

Financial crisis to silent crisis: 24 years after the baht’s freefall

Thailand’s currency collapsed on July 2, 1997, as market speculation forced the country to abandon its fixed exchange rate and the central bank depleted its coffers to protect the baht….

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