Picture courtesy. Money and Banking

 

The Cabinet is set to discuss the selection committee’s decision to appoint former Finance Minister Kittiratt Na-Ranong as Chairman of the Bank of Thailand’s Board during its mobile meeting in Chiang Mai this Friday.

 

Finance Permanent Secretary Lavaron Saengsanit confirmed that Finance Minister Pichai Chunhavajira had endorsed the selection committee’s choice and forwarded it to the Secretariat of the Cabinet for inclusion in the meeting agenda.

 

However, the decision has sparked concerns among academics and former central bank staff, including four former governors. Critics argue that appointing Kittiratt, seen as closely aligned with the ruling Pheu Thai Party, could open the door to political interference, undermining the central bank’s independence.

Kittiratt previously served as Deputy Prime Minister and Finance Minister under Yingluck Shinawatra’s administration. He was also the chief economic adviser to former Prime Minister Srettha Thavisin.

 

In related developments, a Finance Ministry source revealed a change in the proposed nominee for the “resourceful person” position on the central bank’s board.

 

Pongpanu Sawetroon, the former Permanent Secretary of Tourism and Sports, has been replaced by Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission.

 

The source noted that Pongpanu was deemed ineligible for the role due to his continued involvement on the board of a private company, reported Thai PBS.

 

-- 2024-11-28

 

 

Thakisin moving his pawns around the board.

 

Thaksin does not want an independent Bank of Thailand .

He wants to control it .

This guy is an enemy to thai people and Thailand . Since he came back to Thailand , he is causing nothing but trouble .

All Pheu Thai party should be dissolved and new elections after this ...

Buy his corrupt circle of " influential " friends all want to keep their positions close to the trough .

Laughable if it would not be so sad ...

Only possible in a third world country where autocratic tendencies are simply tolerated by an uneducated population of , mainly , fools .

Seem to remember his appointement was reported as fact not so long ago. Well in advance of any official announcement. Media too eager for a scoop.

elite controlling the strength or weakness, when it suits them (import-export or just pure FOREX fraud)