Thai Government Scraps Plan to Transfer Debt to Central Bank – Bloomberg, January 3, 2012
…“Transferring debts to the Bank of Thailand will be like printing money,” Finance Minister Thirachai Phuvanatnaranubala told reporters today. “The methods we are using must not affect fiscal and monetary discipline and must not hurt confidence among foreign investors and international agencies…”
Govt shifts B1 trillion in debt to BoT – Bangkok Post, January 5, 2012
…Finance Minister Thirachai Phuvanatnaranubala said the transfer would not hurt financial or monetary discipline but would give the government room for new investment….
Govt debt policy will make the currency ‘worthless’ – The Nation, January 5, 2012
…Finance Minister Thirachai Phuvanatnaranubala yesterday told the opposition during the 2012 Budget Bill debate that the government is urgently in need of funds for investment in the post-flood recovery…