Thailand's PM announces a $275 digital cash handout program, "Digital Wallet", for 50 million citizens to stimulate the economy.

Thailand's Prime Minister announced plans for a digital cash handout program, known as the "Digital Wallet," meant to distribute 10,000 baht ($275) to 50 million citizens in digital currency. Eligible businesses and individuals can register from August, with the initiative aimed at stimulating the economy. Critics argue the program's efficacy, but the government asserts it will enhance GDP growth by 1.2 to 1.6 percentage points.

July 15, 2024
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