Float the Baht
Time: Wednesday Jul 2, 1997
Place: Thailand
Details: Thailand lacked the foreign reserves to support the USD–Baht currency peg, and the Thai government was eventually forced to float the Baht, on 2 July 1997, allowing the value of the Baht to be set by the currency market. This caused a chain reaction of events, eventually culminating into a region-wide crisis.
‹ Earlier in historyCrisis is triggeredWednesday Jul 2, 1997 Later in history ›Congress recognized the day through Senate Joint Resolution 11 and House Joint Resolution 561997
Best-effort ordering. Some events may appear out of order since many are only known to the year, but they are usually around the same period.
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1997 Asian financial crisis-Thailand's economy had recovered
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Jan, 1998 - Thailand
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2 July 1997
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1997
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Michael Ballack-Moving to 1. FC Kaiserslautern
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