BANGKOK, 5 April 2014, – Thailand’s 7 major commercial banks have reportedly reserved banknotes worth around 182.1 billion baht altogether ahead of the Songkran long holidays, from April 11th – 16th.
Media analysis , meanwhile, indicated that this year’s bitter political protests have negatively affected the local economy, suggesting that the public will be frugal
Krunthai Bank has prepared 45.7 billion baht worth of cash, a decrease of 11.3 billion baht from last year’s figure. Bangkok Bank has reserved 45 billion baht worth of banknotes for its 8,500 ATMs nationwide. Siam Commercial Bank has set aside 35 billion baht of notes for this Songkran, an increase of 1.5% year-on-year.
Meanwhile, The Thai Military Bankhas has stored up to 12 billion baht of bills for its customers via its 2,386 ATMs across the country. Ayuthaya Bank has readied 16.5 billion baht of notes for the long holiday, increasing by 1.59 billion baht from it did last year.
Kasikorn Bank has reportedly prepared 25.6 billion baht worth of bills for the period, a jump of 5 billion baht from last year’s amount.
