Thai Central Bank: No Plan to Implement Retail CBDC After Study

Bank of Thailand reaffirms it has no plan to issue retail central bank digital currency after completing the study.

• Study discovered that there is “no need for issuance of retail CBDC at this junction” Assistant Governor Daranee Saeju tells a conference in Bangkok
• BOT will use study on retail CBDC to develop and enhance the payment system for retail sector
• For wholesale CBDC, the process is progressing toward “product level” as a way for efficient and fast money transfer especially in the international level, according Daranee
• BOT jointly studies with central banks of China, Hong Kong and UAE for wholesale ...