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Thai Baht Drops as Political Crisis Escalates

January 23, 2014 at 5:36 by Vladimir Vyun

Thai baht banknotesThe Thai baht continues to show tremendous weakness as the political crisis in the country continues to escalate, making investors to take their money away from the country.

Thailand’s Prime Minister Yingluck Shinawatra declared a 60-day state of emergency in Bangkok on January 21 to prevent violence that may derail elections scheduled for February 2. The political turmoil makes Thailand a really unattractive country to invest in. Additionally, the crisis may harm country’s economic growth by hurting the tourism sector.

USD/THB 32.9250 as of 32.970 as of 5:33 GMT today.

If you have any questions, comments, or opinions regarding the Thai Baht, feel free to post them using the commentary form below.

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