More people turning assets into cash due to uncertainty over Covid-19, says DPA
The Deposit Protection Agency (DPA) said that due to the Covid-19 crisis, more and more people are turning their assets into cash and depositing this money in banks.
Songpol Chevapanyaroj, president of DPA, said on Thursday that 80.82 million people had bank deposits totalling Bt14.67 trillion in Thailand. Most of the deposits are in Bangkok and its vicinity, and close to half of the account holders have Bt10,442 in their deposits. The Northeast has the lowest number of bank deposits, with half of them having no more than Bt1,628 in their account.
The Nation Reporter
