A new member must possess a “broader perspective.”
Described: 20 Jan 2025 at 04: 54
Given that the current financial climate is rapidly changing, Deputy Prime Minister Pichai Chunhavajira said on Sunday that the next governor of the Bank of Thailand ( BoT ) should be from the younger generation, with a broad vision and a forward-looking perspective.
The second BoT government will replace Sethaput Suthiwartnarueput, whose name will end on Sept 30.
According to Mr. Pichai, the best applicant should be a break from tradition given the tumultuous nature of the current markets, challenging currency pairs like the yuan and dollar, and the development of modern technology in the sector. ” The second BoT government may have a broader vision”, he stressed.
But, he said that it was too soon to give any specific brands.
As more than eight weeks remain until Mr. Sethaput’s word ends, permanent director for funding Lawaron Sangsanit said the selection process can also take into account this vision for a new-style government.
By law, the selection process may start at least 90 days before the latest governor’s word ends, meaning the process may begin in June.
A new choice committee, which could include members of the committee that will choose the BoT board chairman and another BoT board members, is necessary for this procedure.
The Ministry of Finance reported that Kittiratt Na-Ranong, the BoT committee chairman, had been verified by the Council of State as never meeting the requirements.
According to the source, the council interpreted Mr. Kittiratt’s past positions as prime minister’s adviser and chairman of a committee tackling public debt as social positions, which violated his eligibility to serve as chairman of the BoT board.
The government is awaiting instructions from the selection panel headed by Sathit Limpongpan, a former finance lasting secretary, regarding the next steps. If a fresh election is required, the government will resume accordingly.
Despite the current BoT panel president’s term having expired, the agency’s work is unlikely to encounter disruptions. The BoT lieutenant president may serve as interim president until the end of his term.