BOT chief declines PM's offer to join his Cabinet

By The Nation

 

Veerathai Santiprabhob

 

Outgoing Bank of Thailand Governor Veerathai Santiprabhob has declined a post in Prime Minister Prayut Chan-o-cha's Cabinet, according to a central bank press release on Sunday.

 

 

Reacting to local reports Veerathai said in the release that he had been approached to join the government's incoming economic team, but he had told the premier recently that he could not take any post in the Cabinet. He also thanked the PM for trusting him and approaching him to join the Cabinet.

 

The five-year term of the current BOT governor will end in September. He took office on October 1, 2015.

 

Prayut has approached a number of high-profile persons to join his Cabinet, following the resignation of five key members.

 

Deputy Prime Minister Somkid Jatusripitak, Finance Minister Uttama Savanayana, Energy Minister Sontirat Sontijirawong, Minister of Higher Education, Science, Research and Innovation Suvit Maesincee and deputy secretary-general to the PM for political affairs Kobsak Pootrakool handed in their resignations on July 16.

 

The premier has reportedly approached Predee Daochai, president of the Thai Bankers’ Association, to join the Cabinet but he has yet to respond.

 

On Friday, the National Economic and Social Development Council issued a press release denying a local news report that its secretary-general, Tossaporn Sirisamphan, will take up a post in the Cabinet.

 

Tossaporn said in the release that he still worked as National Economic and Social Development Council secretary-general as usual and was engaged in a crucial mission of screening projects worth Bt400 billion, which are aimed at lifting the battered economy.

 

Source: https://www.nationthailand.com/business/30391546

 

-- © Copyright The Nation Thailand 2020-07-19

 

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2 hours ago, rooster59 said:

Outgoing Bank of Thailand Governor Veerathai Santiprabhob has declined a post in Prime Minister Prayut Chan-o-cha's Cabinet

why ? because he is intelligent

2 hours ago, YetAnother said:

why ? because he is intelligent

and he is looking for long term employment

'S++t Sticks and he knows there is a lot of it coming !

He likely maximized economic damage by priorizing the stock market over resetting income inequlity. So nothing more to add to Prayut's economic policies.

1 hour ago, trainman34014 said:

'S++t Sticks and he knows there is a lot of it coming !

You nailed it... he's out and wants well away from the coming fall-out !

I'm curious to see tomorrows exchange rate development.

Politicians and bankers. What more can you say. 

Maybe he wants some distance from the near future impending interpol red notices that will be flying around in the hunt for masquerading politicians disguised as generals ???? 

A post with possibly dangerous connotations has been removed. 

On 7/19/2020 at 2:40 AM, YetAnother said:

why ? because he is intelligent

Refused the poison chalice?

Sure is not a positive or reassuring for the government and the future when someone of his statue declined such a job

 

Even more so when entire economic team resigned and all at the same time. 
 

Perhaps he does not agree with prayuts governance or does not want to be held responsible for upcoming crisis or a crash