he value of the dollar on the international !
             currency exchange was more certain, thus making that investment less risky. As more and more investors became concerned with the future of the baht there was an increase in the number of bahts being exchanged for other currency units. Thailand's central bank was hoping that the large number of investors selling the baht would slow as confidence was restored in the currency. The baht experienced devaluation, which essentially lowered the price of Thai goods in dollar terms. This made Thai products more attractive to foreign consumers, as they appeared cheaper than domestic goods. Although devaluation theoretically can help a weak currency, it had other effects on the Thai economy. A large portion of the money used by Thai banks and businesses to invest in the country was borrowed from foreign financial institutions. It became increasingly difficult for these banks and businesses to repay these foreign debts, as the dollar was much stronger than the baht. Many businesses were un!
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