Thailand Eyes Demonetization Over Missing 140 Billion Baht in Old Banknotes
Economy

Thailand Eyes Demonetization Over Missing 140 Billion Baht in Old Banknotes

Thailand's central bank is discussing the potential implementation of demonetization following the disappearance of approximately 140 billion baht in older 1,000-baht banknotes from circulation, aiming to bring funds outside the financial system under scrutiny. However, challenges to its effectiveness are being noted.

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