Originally Posted by Butterfly
If Thailand export were low, and yet the local community was having a wild party with everything from Europe, or the US, they would need to import all that shit, and that means dumping your THB in exchange of the other currency to pay for the imports. That's basically ICELAND, no local resources so everything was imported. Eventually, your currency crash. You could keep it high by attracting foreigner capital with some local high interest savings, but if you are a small country with no real income, it could get dangerous eventually. That's the example of Argentina if I remember right, and now ICELAND. Butterfly is offline Add to Butterfly's Reputation Report Post