Market Crises & Events
The Asian Financial Crisis of 1997
On July 2, 1997, the Bank of Thailand abandoned the baht’s peg to the US dollar, and the currency lost roughly a fifth of…
Market Crises & Events
1 article tagged “currency peg”.
Market Crises & Events
On July 2, 1997, the Bank of Thailand abandoned the baht’s peg to the US dollar, and the currency lost roughly a fifth of…