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17th February 2014, 09:47 AM
http://www.youtube.com/watch?v=0hUT4ByPXIY
Bank Run Begins in Thailand
Monday, 17 February 2014 08:33
February 17, 2014 -- (TRN) -- A run on Banks has begun in Thailand with billions being withdrawn from the two Government Run Banks. Economic Collapse of Thailand is now in progress.
Government Savings Bank (GSB) president and chief executive Worawit Chailimpamontri on Monday admitted that the bank is experiencing an unusual rate of cash. He said 30 billion baht was withdrawn from all GSB branches on Monday while 10 million baht was deposited.
As seen in the photo below, customers are already forming lines out the door to get their money.
Aphaporn Rattanakotch, the GSB director responsible for branches across Trang and Satun, admitted concern over the situation but assured customers that all branches have sufficient cash to provide normal service . . . . at least for now.
This is a developing story, check back later for more details.
Bank Run Begins in Thailand
Monday, 17 February 2014 08:33
February 17, 2014 -- (TRN) -- A run on Banks has begun in Thailand with billions being withdrawn from the two Government Run Banks. Economic Collapse of Thailand is now in progress.
Government Savings Bank (GSB) president and chief executive Worawit Chailimpamontri on Monday admitted that the bank is experiencing an unusual rate of cash. He said 30 billion baht was withdrawn from all GSB branches on Monday while 10 million baht was deposited.
As seen in the photo below, customers are already forming lines out the door to get their money.
Aphaporn Rattanakotch, the GSB director responsible for branches across Trang and Satun, admitted concern over the situation but assured customers that all branches have sufficient cash to provide normal service . . . . at least for now.
This is a developing story, check back later for more details.