BoT: No banknote shortage
- Published: 8/10/2013 at 02:59 PM
- Online news:
There will be no shortage of banknotes in circulation even though many provinces have been hit by floods, or even cut off, Bank of Thailand deputy governor Thongurai Limpiti affirmed on Tuesday.
The central bank has a contingency plan for any possible situation, she said.
"The BoT has nine banknote management centres which distribute banknotes to all branches of commercial banks nationwide,” she said.
The BoT also has a reserve of banknotes which could serve all demands for the next 3-5 months, she said.
In the event that banknotes cannot be delivered by land, the BoT had an agreement with the air force that C130 planes would be available to do the job.
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- Writer: Online Reporters
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