Central Banking

BoT to ease regulations on e-money settlement

The Bank of Thailand said Wednesday it plans to ease restrictions on interbank electronic money transactions via its Bahtnet settlement system.

Effective January 5, commercial banks will be allowed to use a surplus from their checking transfer system to cover a deficit in the Bahtnet system, central bank spokesman Bandid Nijathaworn said after a meeting between the Thai Bankers' Association and central bank officials. However, in order to do so, the banks will have to deposit a certain amount

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