Former Prime Minister Thaksin Shinawatra’s inexperienced daughter Paetongtarn is the new prime minister.
A 38 year old prime minister, the youngest in the countries history. Yes, she is very inexperienced, which have many believing her father will be the one calling the shots.
The US dollar has already dropped from US $1 = 36thb to US $1 = 34.17thb
No one in economics can explain this one?
However, the former PM did not get along well with the Central Bank so all we can do is wait and see what happens with the baht fluctuations.
At 30 -31 thb to the US dollar, Thailand is not such a great value.
Thailand is one of the countries that can completely change it’s skin after an election.
We have no idea of Pheu Thai’s policies or what they are hoping to achieve and whether or not it will be good for the people, the economy or the baht rate in general.
So as it is, we have no idea what direction it is heading but we do know for sure there is one group sure to prosper and it isn’t normal everyday Thai people