Domino

S1-E5: Thai Game: Soros up to Baht


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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.

 

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DominoBy Rai Radio2

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