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A Digital Baht for the Future?
King Rama IV (Mongkut), a 19th-century visionary on the Siamese throne, championed trade liberalization and modernization. Now, in the 21st century, the Bank of Thailand is echoing that spirit with a bold experiment: a pilot program for a Retail Central Bank Digital Currency, or digital Baht. This seemingly niche undertaking holds the potential to reshape the financial fabric of Southeast Asia's second-largest economy, and its success could be a testament to Thailand's enduring embrace of progress. And while the BOT isn't rushing to launch a digital Baht just yet, the program's findings paint a fascinating picture of ... (full story)