Bank of Thailand reserves 17 billion baht banknotes to support people spending during Songkran year 65
Mr. Somboon Jitpantom, Assistant Governor bank card line The Bank of Thailand (BOT) revealed that during the Songkran Festival in April 2022, the Bank of Thailand has prepared sufficient banknotes of various denominations to meet the people’s spending needs. It is estimated that commercial banks will disburse banknotes from the Bank of Thailand in one week before the Songkran Festival. Net worth of approximately 17 billion baht, close to the forecast in 2021.
The Bank of Thailand has considered many factors including the number of consecutive holidays. economic factors and government measures to stimulate domestic spending and tourism. Although the number of infected people from the Covid-19 situation is still high, overall economic activities are expected to continue. Electronic payments are on the rise as well.
