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Maha Bua followers protest govt’s planned intervention in central bank

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By Thai Newsroom Reporters

FOLLOWERS OF THE LATE revered monk Ajarn Maha Bua have staged a protest against an alleged, planned interference of the Pheu Thai-led government in internal affairs of the Bank of Thailand.

The unnamed followers of Ajarn Maha Bua delivered an urgent letter to Prime Minister Paetongtarn Shinawatra to air their resolute protest against the Pheu Thai-led government’s alleged scheme to name a new governor of the central bank in place of the current one, namely Sethaput Suthiwartnarueput, who had been strongly opposed to the Pheu Thai-initiated populist handout campaign, formally known as a digital wallet project.

The event in which Finance Minister Pichai Chunhavajira set up an ad hoc committee to select a new board of the Bank of Thailand’s directors without any former governors being picked to sit on the panel evidently manifested the government’s hidden design to have politically-connected persons predominate the central bank’s board of directors and unduly interfered in their internal affairs, says the open note of protest.

The protesters say they would no longer tolerate Paetongtarn’s government if they practically intervened with the central bank in a sustained effort to steer their populist campaigns.

In the wake of 1997’s cash-strapped economic slumps, the late Ajarn Maha Bua had spearheaded a massive campaign to accumulate some 13 tonnes of gold for donation to the central bank to help with measures to address the so-called Tom Yum Kung crisis

CAPTIONS:

Bank of Thailand signage. Top photo: Thai Rath, Front Page photo: Reuters published by CNA

Insert: Bank of Thailand Governor Sethaput Suthiwartnarueput. Photo: Thai Rath


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