Digital money handout not populism, but economic stimulus: Pheu Thai

But Paophum said the digital money handout should not be regarded as a populism because it would serve to revive the economy very fast.

“It will create an economic cyclone that will sweep through all communities around the country,” Paophum said.

He said the digital money policy would be a necessary measure now that the country was in bad shape and could not depend on normal purchasing power.

He expressed confidence that the Blockchain technology of the digital money would ensure that the money would reach the target groups and create faster circulation than remitting conventional money to recipients.

Moreover, the digital wallets would create a basic infrastructure for the financial system to prepare the country for financial reforms.

Paophum also disagreed with the central bank governor’s statement that financial institutions should…