banknotes and coins that are appropriately protected against counterfeiting, established the national counterfeit centre using the existing expert basis in january 2005. here suspect counterfeit forint banknotes and coins as well as suspect counterfeit foreign currencies detected in hungary are examined. hungarian cash in transit companies and credit institutions withdraw a significant quantity of counterfeits from circulation. under the coordination of the national central office of the national police headquarters, criminal prosecution bodies conduct crime prevention and investigation. the cooperation agreement between mnb and the national police headquarters was signed in october 2005 and it made joint action in the fight against counterfeiting more effective. closing remark i am confident that in the course of this conference you will learn about many valuable experiences. i am convinced that discussing experience and opinions promotes the realisation of our common tasks, and ensures the authenticity and quality of cash in circulation. thank you for your attention and i wish you good work at the conference.

adequately supportive to growth. at the same time, we must not forget to chart a course towards the country ’ s long - term economic development. as the thai economy is in need to upgrade growth potentials and increase competitiveness, the bank of thailand will contribute to this process of economic transformation by taking a proactive role in the financial sector development policy. ongoing in this sphere, there are at least three development plans under implementation, namely, the financial sector master plan, the payment systems roadmap, and the capital account liberalization master plan. although the three plans have different objectives, they complement each other and together form a strong foundation for the country ’ s financial sector development. i will highlight a few key elements we hope to get out of these plans. the first one is the financial sector master plan ( fsmp ) phase iii. approved by the cabinet in march this year to set out strategic directions for the next five years ( 2016 – 2020 ), fsmp iii is aimed to promote a competitive thai financial sector, to support more diverse needs at fair and undistorted prices, as well as promote regional trades and investments, with proper supervision to ensure macroeconomic and financial stability. in short, this plan ’ s motto is to promote a “ competitive, inclusive, connected, and sustainable ” financial system. after five years, the bank of thailand expects to see growing financial innovation with more diverse players, both banks and non - banks, especially those offering digital financial services. these services will allow a new segment of customers to gain access to financial services through new channels. smes entrepreneurs, for example, could pitch their ideas to a wider group of investors, through crowd funding and peer - to - peer lending platforms. new ideas would have a higher chance of being translated into businesses, thus promoting innovative spirit among the thai entrepreneurs. financial innovation will also promote competition and drive higher efficiency in the banking sector. at the same time, we expect most thai individuals to have access to basic financial services at a fair price and have an appropriate level of financial literacy. financially deserved enterprises should receive adequate funding, using proper financial instruments. we expect to improve households ’ financial literacy, leading to more prudent financial management and lowered households ’ indebtedness. for financial institutions, we encourage them to improve the level of consumer protection and quality of financial professionals, and to incorporate more sustainability practices into their core business operation. on the road to enhancing regional connectivity, under the asean banking integration framework