Upon hearing this, everyone present gasped in shock, completely unable to believe that what Jesse said was true.
But the truth is the truth, and besides, the numbers can be obtained simply by looking at the data.
Soon, Robertson, who was the first to regain consciousness, figured out the key to the matter.
Recently, officials from the International Monetary Fund visited Thailand. During their visit, the Thai government announced that they had as much as $40 billion in foreign exchange reserves to defend the Thai baht.
Think about it, this is the voice of an official sovereign state, so officials of the International Monetary Fund naturally believe it without a doubt. Surely an official of a sovereign state wouldn't lie to people, right?
After returning to the United States, the official wrote a report stating that the Thai authorities had sufficient US dollar reserves and did not need to consider providing aid for the time being.
Upon receiving this news, many of the capital attacks on the Thai baht ceased, as they naturally trusted the report issued by the International Monetary Fund.
Given their current financial size, it would be difficult for them to shake hundreds of billions of dollars in foreign exchange reserves in a short period of time.
If excessive funds are used, the Thai government will intervene through administrative means. At that time, just like now, the daily interest paid to the bank will be an astronomical figure.
This is also why many investors are willing to give up, because even if they gain some returns, it is not enough to make up for the losses caused by bank interest.
But now, according to Jesse, all of this seems to have turned into a ruse, a scheme orchestrated by the Thai government. No wonder the Tiger Fund executives were speechless with shock upon hearing this news.
They never imagined that a high-ranking official from the central bank of a sovereign nation would lie to the outside world, and it's very likely that even high-ranking Thai officials were involved.
Because once the matter is exposed, it will obviously be a huge blow to a country's credibility system.
It's not worth the risk!
......
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