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    TCCC   TH0267010Z05

THAI CENTRAL CHEMICAL

(TCCC)
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Thai Central Chemical Public : bank to test retail baht digital currency next year

04/02/2021 | 04:20am EDT
FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok

BANGKOK (Reuters) - Thailand's central bank will begin testing use of its retail digital currency for the general public in the second quarter of next year before fully implementing it over the next 3-5 years, an assistant governor said on Friday.

The retail central bank digital currency (retail CBDC) is aimed at providing access to convenient and secure financial services, Vachira Arromdee told a briefing.

"It will not affect the Thai financial system," she added.

The Bank of Thailand is seeking public opinions by June before developing the digital currency, she said. (https://bit.ly/3fwELEt)

A retail CBDC is a digital form of money issued by a central bank comparable to physical banknotes. It can be used in financial transactions both online and offline.

(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Martin Petty)


© Reuters 2021
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Financials
Sales 2020 9 434 M 303 M 303 M
Net income 2020 1 472 M 47,2 M 47,2 M
Net cash 2020 7 172 M 230 M 230 M
P/E ratio 2020 10,8x
Yield 2020 6,61%
Capitalization 16 664 M 534 M 534 M
EV / Sales 2019 0,67x
EV / Sales 2020 0,93x
Nbr of Employees -
Free-Float 5,44%
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Income Statement Evolution
Managers and Directors
NameTitle
Takayuki Tohei Chief Financial Officer, Director & EVP
Watchara Pingsuthiwong Senior VP-Marketing, Research & Development
Kritch Katchapanan General Manager-Information Technology
Ryosuke Hori Head-Administration & Senior Vice President
Opas Sripornkijkachorn Independent Director
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