Reform Of Central Bank

April 2005
Asia Monitor: South East Asia Monitor Volume 1;Apr2005, Vol. 16 Issue 4, p2
Country Report
Country Report
This article reports that plans have been announced to reduce the power of the central bank in monitoring the health of the financial sector in Thailand. The reforms will allow the bank to focus more attention on monetary policy, reducing the chances of a conflict of interest. Thailand's finance ministry is to push ahead with controversial reforms to the country's central bank, the Bank of Thailand. There are, however, some suspicions that the bank is losing some of its powers as a punishment for its stand-off last year with the finance ministry over the state-owned Krung Thai Bank. The central bank was eventually able to force Krung Thai to reclassify U.S. $1.1 billion as bad loans.


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