Central Banking

Thai banks to 'scale down' operations as floods hit Bangkok

bangkok

The Bank of Thailand on Friday asked all financial institutions to "scale down to only necessary operations", as Bangkok braces for the worst flooding to hit the city in half a century.

Prasarn Trairatvorakul, governor of the central bank, said "the threat of flooding in the inner Bangkok and important business districts remains high". Therefore, to protect the well-being and safety of bank personnel who commute, financial institutions can reduce or cease operations at their discretion.

However,

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