The Thai government has postponed its proposed plan to issue digital currency to its citizens. Deputy Finance Minister Julapun Amornvivat confirmed the delay, indicating that the initiative to distribute 10,000 baht (approximately US$280) to each Thai citizen over the age of 16 will not commence before February 1, 2024, as initially planned.
Previously, Prime Minister Setah Tasha had proposed issuing around 548 billion baht (approximately US$15 billion) in digital currency - an allotment of roughly 10,000 baht for each Thai citizen above 16. This digital currency distribution was intended to be carried out via a new "super application". The Pheu Thai Party viewed this plan as a pivotal part of their strategy for stimulating economic recovery in Thailand.
