In-circulation banknotes increase 11%
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Banknotes in circulation are valued at Bt1.238 trillion, 11 per cent higher than the end-2010 value, according to the Bank of Thailand.
For withdrawals during the New Year festival, the central bank has prepared banknotes with different value, worth totally Bt470 billion.
It expected commercial banks to increase withdrawal reserves by 3 per cent from last year to cope with the demand during the long holiday.
In December, commercial banks withdrew a net amount of Bt120.5 billion from the central bank.
