mourned Special Professor “Amnuay Virawan”, a former Khun Klang, joining the Tom Yum Kung Crisis. float the baht
Reporters reported that Mr. Amnuay Viravan, former Minister of Finance, 1980-1981 during the government of General Prem Tinsulanonda was Deputy Prime Minister. during the government of Chuan Leekpai and former Minister of Foreign Affairs Passed away on April 18, 2023 at 2:30 p.m. from infectious pneumonia, 90 years old.
Special Professor Amnuay Virawan, serving in the Ministry of Finance Director General of the Customs Department and was the first permanent secretary of the Ministry of Finance to graduate with a doctorate in 1975 at the age of 43 and hold important positions such as Secretary-General of the Board of Investment (BOI).
Mr. Amnuay Virawan was appointed by Royal Command as a special professor. Business Administration Faculty of Management Sciences Khon Kaen University Since December 16, 1994, Honorary Chairman, Asia Sermkit Leasing Public Company Limited, former leader of the Nam Thai Party and the Mass Party, former deputy leader of the New Hope Party He is the father of Mr. Takonkiet Virawan, an executive of Channel ONE television station. The court has ordered him to be incompetent. due to a fall accident in the Netherlands
Mr. Amnuay Virawan was born on July 1, 1932 (90 years old) and graduated from Assumption College (Nor. Chor. 12677) with a Bachelor’s degree in Commerce. from Chulalongkorn University Master of Business Administration Master of Economics and Doctorate Degrees in Business Administration, both from the University of Michigan.
The chronology of the Thai economic crisis in 1997 began in January 1997. The clouds of the Thai economic crisis began to set. When the baht was exploited by speculators by selling off aggressively for the first time Both domestic and foreign investors Lack of trust in the government under the leadership of Gen. Chavalit Yongchaiyut due to the depreciation of the baht during May 9-16, attacks on the baht For example, the Bank of Thailand has to bring reserve funds to intervene to support the baht in the market immediately (Spot Market) up to 6.08 billion US dollars. The official reserve balance was 36.6 billion US dollars, leaving only 17.7 billion US dollars.
When the government could no longer maintain the stable value of the baht, on July 1, 1997, Mr. Ruengchai Marakanon, Governor of the Bank of Thailand at that time, together with Mr. Chaiwat Wibulsawat Deputy Governor of the Bank of Thailand met with General Chavalit Yongchaiyudh, Former Prime Minister to report the situation Then decided to let the baht float on July 2, 1997, the government changed the exchange rate system from a basket of money to a floating system. The baht fell to 30 baht / US dollar. until having to borrow money from the IMF And was the reason for the resignation of Prime Minister General Chavalit Yongchaiyut later. – Thai News Agency
Source: Thai News Agency