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Thai Chamber of Commerce Provides Recommendations for Digital Currency Policy Enhancement

Madonna by Madonna
10/19/2023
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The Thai Chamber of Commerce (TCC) Chairman, Sanan Angubolkul, has expressed support for the government’s plan to stimulate the economy through a proposed 10,000-baht stipend distributed via a digital wallet program. The TCC believes this initiative can effectively revive the economy and emphasizes the need for the government to enhance the country’s competitive capabilities to ensure balanced economic growth.

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To efficiently distribute the digital funds, the TCC suggests utilizing the existing infrastructure of Krungthai Bank, which has approximately 40 million registered users. They propose creating a hybrid system that combines Krungthai Bank’s platform with other digital platforms and wallets developed by various agencies. This approach would facilitate digital payments through various channels.

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In addition to short-term economic stimulation, the TCC urges the government to focus on other areas of national management and development. Enhancing production capabilities is crucial for overall economic recovery. The TCC specifically recommends prioritizing water management projects to address the anticipated impact of the El Niño phenomenon on the country in the coming years.

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