anti‑scammer

Policy to demonetize 500–1,000 baht notes as anti‑corruption measure: Academics say it won’t curb corruption, suggesting new banknote designs instead

Thai PBS Verify examined a policy proposal to abolish the use of 1,000‑ and 500‑baht notes, framed as part of an anti‑corruption and anti‑scammer/online gambling campaign by Thai Pakdee Party. Academics argue the measure would not reduce corruption, recommending instead an introduction of new banknote series and a time limit of cash circulation to tackle “grey capital.”

Jan 7, 2026