Gaybutton Posted May 20, 2010 Posted May 20, 2010 BOT: Banks Can Open This Weekend Published: 20/05/2010 All banks nationwide can be open from Friday to Sunday, Bank of Thailand (BOT) assistant governor Sorasit Soontornkes said on Thursday. Mr Sorasit said the central bank had received many complaints from the public after it previously announced that all commercial banks and financial institutions will remain closed this weekend due to the escalating political unrest in Bangkok and other provinces. Debt payments had become a problem following the announcement, he said. "To ease people's financial difficulties, all banks, especially the ones in department stores, can open from Friday to Sunday without asking for the BOT's permission," the assistant governor said. Banks can open this weekend Quote
Guest lvdkeyes Posted May 20, 2010 Posted May 20, 2010 What was the idea behind closing the banks in the first place? Quote
macaroni21 Posted May 20, 2010 Posted May 20, 2010 What was the idea behind closing the banks in the first place? Probably panic in woolly-headed administrators' minds, Thai-style. Quote
Gaybutton Posted May 20, 2010 Author Posted May 20, 2010 What was the idea behind closing the banks in the first place? Good question. I haven't been able to find anything official to explain it. It was a BoT decision. I haven't been able to come up with an answer that makes much sense. Until an official explanation is released, it's on my "I Don't Get It" list. I have a feeling that if and when an explanation is released, it will continue to be on my "I Don't Get It" list. Quote
