"BOT"

Former finance minister Suchart Thada-Thamrongvech has urged the Bank of Thailand not to follow the US by raising the interest rate quickly, warning that such a move would hit Thai exports.

The chairman of the Thai central bank's board said on Thursday that the policy interest rate would have to rise from the current 0.5 per cent, but he could not tell how soon.

Transfer of cryptocurrencies or digital tokens as well as digital currencies issued by the Bank of Thailand (BOT) are exempted from value-added tax (VAT) from April 1 this year to December 31 next year.

Finance Minister Arkhom Termpittayapaisith on Thursday dismissed concerns of six former central bank governors, saying the government has been using proper finance policies and the country still enjoys financial strength.

The Bank of Thailand has distributed new THB20 banknotes made of polymer aimed at preventing forgery, the BOT announced.

The finance minister and the Bank of Thailand (BOT) on Thursday reiterated that cryptocurrencies cannot be used as a means of payment because it could affect the stability of the baht.

The Bank of Thailand (BOT) on Wednesday asked PayPal (Thailand) to extend its international money transfer service period for small online sellers until its identity verification system is completed.

The Bank of Thailand is expected to raise its 2022 inflation forecast from 1.7 per cent to between 2 and 3 per cent, a senior official said.

Thailand’s economy is expected to recover gradually but still faces difficulties due to the Covid-19 crisis, global energy prices and the increasing cost of products and services, the Bank of Thailand (BOT) reported on Wednesday.

High inflation expected to last for the first half of 2022 is disproportionally affecting low-income workers, service staff and the self-employed, the Bank of Thailand (BOT) said on Sunday.

The Bank of Thailand (BOT) has come out with a consultation paper to guide the country into the digital world.

A move by the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Finance Ministry to ban the use of cryptocurrencies for purchasing products and services is aimed at preventing negative impacts on financial stability and the economy.