Thailand and the IMF: The 1997 Crisis and After
Last Updated on October 12, 2026 by Jeff Tomas BANGKOK – On July 2, 1997, Thailand let the baht float after defending its exchange rate became unsustainable. The currency’s sharp fall exposed problems that had built up behind the peg, including heavy short-term borrowing and depleted foreign-exchange reserves, and Thailand turned to the International Monetary […] The post Thailand and the IMF:…
We haven't written up this one. Chiang Rai Times has the full story — the link below goes straight to it.
