Thailand’s central bank picks G+D for retail CBDC project

Bank of Thailand
Photo: George Johnson

The Bank of Thailand announced it will work with payment services firm Giesecke+Devrient (G+D) to create a prototype retail central bank digital currency (CBDC).

A procurement document for the prototype CBDC, signed by the central bank’s assistant governor Dej Thitiwanich, says the contract is worth 10 million baht ($320,000).

G+D is well known within the central banking community for producing banknote substrates, banknote security features and cash-processing equipment. The company also has

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