Renminbi and Thailand

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Difference between Renminbi and Thailand

Renminbi vs. Thailand

The renminbi (Ab.: RMB;; sign: 元; code: CNY) is the official currency of the People's Republic of China. Thailand, officially the Kingdom of Thailand and formerly known as Siam, is a unitary state at the center of the Southeast Asian Indochinese peninsula composed of 76 provinces.

Association of Southeast Asian Nations

The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising ten Southeast Asian countries that promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration amongst its members, other Asian countries, and globally.

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Cambodia

Cambodia (កម្ពុជា, or Kampuchea:, Cambodge), officially known as the Kingdom of Cambodia (ព្រះរាជាណាចក្រកម្ពុជា, prĕəh riəciənaacak kampuciə,; Royaume du Cambodge), is a sovereign state located in the southern portion of the Indochina peninsula in Southeast Asia.

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Floating exchange rate

A floating exchange rate (also called a fluctuating or flexible exchange rate) is a type of exchange-rate regime in which a currency's value is allowed to fluctuate in response to foreign-exchange market mechanisms.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Japan

Japan (日本; Nippon or Nihon; formally 日本国 or Nihon-koku, lit. "State of Japan") is a sovereign island country in East Asia.

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Laos

Laos (ລາວ,, Lāo; Laos), officially the Lao People's Democratic Republic (Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ, Sathalanalat Paxathipatai Paxaxon Lao; République démocratique populaire lao), commonly referred to by its colloquial name of Muang Lao (Lao: ເມືອງລາວ, Muang Lao), is a landlocked country in the heart of the Indochinese peninsula of Mainland Southeast Asia, bordered by Myanmar (Burma) and China to the northwest, Vietnam to the east, Cambodia to the southwest and Thailand to the west and southwest.

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Myanmar

Myanmar, officially the Republic of the Union of Myanmar and also known as Burma, is a sovereign state in Southeast Asia.

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Thai baht

The baht (บาท,; sign: ฿; code: THB) is the currency of Thailand.

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Vietnam

Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia.

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1997 Asian financial crisis

The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.

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