Thai cb to share massive debt burden

THAILAND - The central bank is set to share responsibilty with the government for the bonds issued to cover losses for the state's financial rescue fund. Sommai Phasee, deputy permanent secretary at the Ministry of Finance, made the announcement today in Bangkok after an informal meeting with the central bank governor, reports Dow Jones.

The division of the burden has yet to be decided and the governor of the central bank, Pridiyathorn Devakula, seeking to dispel rumours, has strongly denied

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