sandyf

  In sandyf

[Nobody and I mean NO ONE knows what will happen or how this will be implemented.] Absolutely spot on and nobody is ever going to stop the speculation. What we do know however is what is not going to happen. There is not going to be a huge overnight RV, never been one in the past and not going to happen in the future. That myth was born from confusion between revaluation and redenomination. We do know how a redenomination would be implemented but that cannot happen overnight and is not going to happen any time soon.

We do know that floating the currency would take the best part of a generation to produce any significant result. Thai baht, the strongest currency of an emerging economy has taken about 15 years to almost double in value.  So taking into account what we do know, any significant return can only come from the unknown and not from what people think they know. Time for a more open-minded perspective.