Where do they get these ideas from?

To add to the comments against transferring the Bt1.14 trillion public debt that arose from the 1997 Asian financial crisis to the responsibility of the Bank of Thailand because of its lucrative foreign reserves of US$180 billion (Bt5.4 trillion) is a colossal mistake in two-fold.

First, accounting-wise, it is a trick in reducing Thailand’s public debts of 40 per cent of GDP to 30 per cent, just like the infamous case of Enron, in having significant losses of one business sector transferred out to a separate entity, thereby showing the corporation’s better profit or hiding its loss. Not only to implement, but to think of, such a scheme is shameful.

Second, our foreign currency reserve results from our international trade and is there exclusively as a reserve against the rise and fall of our trade with the world. It is unheard of for its withdrawal to support a domestic calamity.

There have been so many imprudent acts lately from Thai politicians and this proposal tops them all in not being truthful.

Songdej Praditsmanont

Bangkok