bank of thailand to pilot their cbdc

In the second quarter of 2022, the bank of thailand wants to test its retail digital currency with the general public. the retail central bank digital currency (cbdc) will have no impact on the system’s monetary policy or money supply. according to an assistant governor, the pilot project would examine the cbdc’s use in cash-like operations on a small scale.

demand for the cbdc is expected to progressively increase, according to the bank of thailand. the central bank will evaluate the test’s outcomes and dangers to ensure that everyone benefits. it has the potential to become an alternate payment method in the future, partially replacing cash and e-money.

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