Thailand's financial position is strong and the government is monitoring the problems in the global banking sector, the prime minister said on Monday.

The finance ministry and the central bank were closely monitoring the situation to ensure Thai banks would not face the same problem, Prayuth Chan-ocha told reporters.

(Reporting by Satawasin Staporncharnchai and Panarat Thepgumpanat; Writing by Orathai Sriring; Editing by Ed Davies)