Under a contingency plan announced March 9, Thailand’s commercial banks may immediately halt ATM services in risk-prone areas. They also may halt branch operations in case of emergency, without prior consent from the central bank, the Bank of Thailand announced in a statement.
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Bank of Thailand, which is the country’s central bank, issued the statement amid mounting rumors that a planned mass rally by antigovernment demonstrators on March 14 might turn violent and put ATMs or branches at risk, local media reported. Under normal situations, commercial banks in Thailand must seek permission from the central bank before closing branches or ATMs.
The Bank of Thailand did not respond to PaymentsSource requests for comment.
