Central banks of Malaysia, Thailand set up local currencies framework

Bank of Thailand governor Prasarn Trairatvorakul (left) and BNM governor Tan Sri Dr Zeti Akhtar Aziz after signing the MoU to set up a framework to promote the settlement of bilateral trade and direct investment in their local currencies"

KUALA LUMPUR: Bank Negara Malaysia (BNM) and Bank of Thailand (BOT) plan to set up a framework to promote the settlement of bilateral trade and direct investment in their local currencies.