摘要：In 2005, monetary base expanded by
5.2 per cent year-on-year, slowing down
from the rate of 14.4 per cent in 2004. The
deceleration was partly due to an irregular
jump in monetary base at end-2004 when the
arrangement for provincial treasuries to act
as agents for the Bank of Thailand in bank
note deposit and withdrawal transactions with
financial institutions came to an end. Instead,
the Bank of Thailand established 10 bank
notes operation centres in regional provinces
while commercial banks had to manage
bank notes at their own cash centres in a
comprehensive fashion. This change caused
cash in hand at commercial banks to increase
permanently from the average of around 1 per
cent to around 2 per cent of deposits from
November 2004 onwards. At end-2005,
monetary base outstanding reached 842.2
billion baht from 800.5 billion baht at end-
2004, growing by 5.2 per cent.
