The Bank of Thailand recommended financial institutions to temporarily shut down their branches at government agencies, if such agencies close office on the government orders.
In the circulation issued today, the central bank said traffic conditions could get worse during March 12-March 23 due to the demonstration and massive crowds could lead to unusual developments in Bangkok and nearby areas.
It also allows banks' headquarters to close doors to individual clients, but the money market operations and payment system must proceed. Moreover, under some circumstances, branches located outside the demonstration areas can be shut down, with the central bank's consent.
If anything unusual happens, the Bank of Thailand will maintain only money market and payment system which involves the cheque clearing and BahtNet operations.
