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Thai king approves US$16 billion borrowing bill for COVID-19 response

Thai king approves US$16 billion borrowing bill for COVID-19 response

FILE PHOTO: People wearing face masks shop for street food in Chinatown amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, January 6, 2021. REUTERS/Athit Perawongmetha

BANGKOK: Thailand's king has approved a bill to allow borrowing of up to 500 billion baht (US$15.95 billion) to support the country's response to COVID-19, the Royal Gazette said on Tuesday, as authorities struggle with a third wave of infections.

The borrowing was less than an earlier plan of 700 billion baht approved by the cabinet earlier this month.

(US$1 = 31.35 baht)

(Reporting by Panarat Thepgumpanat and Orathai Sriring; Editing by Martin Petty)

Source: Reuters

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