Thai govt to probe unusual BoP figures


Thailand's Deputy Prime Minister and Finance Minister Ekniti Nitithanprapa. — The Nation

BANGKOK: Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas says that the government will explore measures to manage anomalies in the country’s financial markets following a sudden spike in the net errors and omissions (NEO) in Thailand’s balance of payments (BoP) accounts.

“I have discussed it with the permanent secretary of the Finance Ministry and assigned him to coordinate with relevant agencies to trace funds appearing in the NEO, which historically have been unusually high,” Ekniti said.

“The objective is to report to the economic Cabinet, in a detailed subcommittee format, and execute the process thoroughly,” he concluded. — The Nation/ANN

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