The 10,000-baht digital currency policy handout by Pheu Thai is expected to inject an estimated 2 trillion baht into the country’s economy, according to Deputy Finance Minister Julapun Amornvivat. This initiative aims to contribute to a growth of at least 5% in the GDP by 2024.
Julapun Amornvivat stated that the economy would get a boost from the widespread use of digital wallets coupled with several other stimulus measures. These measures include increasing income through soft power and boosting the prices of agricultural products. He said…
“The main idea of the economic stimulus policy is that GDP can grow by at least 5%, which we expect in 2024.”
The minister further explained that the multiplier effect of these cash handouts would result in a circulation of money equivalent to a minimum of 2 trillion baht. The purchases…
