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Friday, May 10, 2024

Digital handout not covered by loans

Funding to come from fiscal 2024 budget, loans from state-owned financial institutions

The central bank initially proposed the use of digital baht or Central Bank Digital Currency for the handout, though the form of which is yet to be finalised.

The Finance Ministry will not issue an emergency loan decree to support the government’s 10,000-baht digital currency handout, with funding likely to come from the state budget and borrowing from state-owned financial institutions, says Deputy Finance Minister Kritsada Chinavicharana.

He said funding for the project would come from…

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