Tag: currency
Myanmar’s economic crisis fuels underground currency trading
By Reuters Staff and published by Channel NewsAsia AS MYANMAR’S economic slump deepens after February’s military coup and parts of its financial system freeze up, many in the strife-torn country are turning to online groups to bypass official channels to trade currencies. The fragility of the financial system was further exposed this week when the …
Myanmar’s economic crisis fuels underground currency tradingRead More
Bank of Thailand plans to its test retail digital currency
THE Bank of Thailand (BoT) plans to test its retail digital currency in the second quarter of 2022 as an alternative payment option for the public, NNT said today (August 20). BoT assistant governor Vachira Arromdee said the central bank digital currency (CBDC) will not affect monetary policy or money supply in the system. The …
Bank of Thailand plans to its test retail digital currencyRead More
BoT will launch retail CBDC to secure financial services
THE Bank of Thailand (BoT) will launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year to provide Thais with access to more convenient and secure financial services, NNT said today (April 4). BoT assistant governor Vachira Arromdee said the development of a Retail CBDC will support a technology-led future that …
BoT will launch retail CBDC to secure financial servicesRead More
US adds Thailand to currency manipulation watchlist
THE US Treasury Department added Thailand to its “monitoring list” of currency manipulating countries today (Dec. 17) on suspicions that the country took various steps to weaken its currency against the US dollar, South China Morning Post and Sanook.com reported. The US Treasury said its “monitoring list” of countries that meet some of the criteria …
US adds Thailand to currency manipulation watchlistRead More