Bank of Thailand moves against cash and the US dollar in a plan to reduce cash in half by 2026
Thai Examiner - Thailand's news for foreigners by Thai Examiner
Episode notes
The new policy to halve the amount of cash in circulation by 2026 comes as the Bank of Thailand joined four other Southeast Asian central banks in creating a cross-border payment zone that uses QR codes and avoids converting and reconverting to US dollars.
James Morris reports from Bangkok and Bali, Indonesia.
Keywords
bank of thailand to curb cash and dollar usethailands central bank to reduce cash in circulation by 50 per cent as it joins qr code based cross border payments scheme in southeast asia