THE Customs Department has stepped up efforts to curb cross-border smuggling of currency after arresting two foreign passengers flying in from Jakarta with over US$56 million banknotes concealed in their luggage, PPTVHD36 said today (Oct. 4). Mrs. Santhanee Pairattanakorn, director of the Suvarnabhumi Airport Passenger Control Customs Office, said on Sep. 30 officials arrested
Tag: dollar
Escalating Middle East war will likely further weaken Thai baht
THE Thai baht is set to weaken further as the Middle East war is intensifying and dragging on while the US Federal Reserve also may not be in a rush to cut interest rates, PPTVHD36 said today (March 20). Mr. Wachirawat Banchuen, senior financial market strategist at Siam Commercial Bank, said the Thai baht’s
Read moreTrump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
By AP and published by Yahoo!News West Palm Beach, Fla. – US President-elect Donald Trump over the weekend threatened 100% tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South
Read moreRussian woman held for using fake US dollar bills in Phuket
A RUSSIAN woman was arrested in Phuket last evening (July 27) after a currency exchange booth employee filed a complaint that he had received three counterfeit US$50 banknotes from her, Amarin TV said. Kamala subdistrict police arrested Ms. Evgenia (surname withheld), 22, at a pool villa with 32 more fake US$50 bills found among
Read moreYellen says sanctions may risk hegemony of US dollar
By AFP and published by CNA Washington – Economic sanctions imposed on Russia and other countries by the United States put the dollar’s dominance at risk as targeted nations seek out an alternative, Treasury Secretary Janet Yellen said on Sunday (Apr 16). “There is a risk when we use financial sanctions that are linked
Read moreBaht at its weakest point in 6 years as Fed’s aggressive rate hike looms
THE BANK of Thailand is keeping a close eye on the Thai baht which touched its weakest exchange rate to the US dollar today (June 15) as global markets brace for the sharpest rise in US interest rates in almost 30 years with the Federal Reserve taking action to halt rising inflation, INN News
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