S1-E5: Thai Game: Soros up to Baht

from Domino · host Rai Radio2

American companies poured billions into Thailand in the mid-1990s to utilize the country’s young, educated workforce. Investors saw the developing country as an economic fountain of youth, and Thai companies took advantage of a fixed exchange rate to borrow funds in US dollars. In time, the economy slowed, investments fell, and money began to leave the country putting pressure on the baht - Thailand’s currency. A savvy investor named George Soros watched the story unfold and made an untold fortune by betting billions against the collapse.

Episode metadata supplied by the publisher feed · Published Nov 15, 2018

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S1-E5: Thai Game: Soros up to Baht

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