Bank Negara signs MoUs with Indonesian, Thai counterparts

The way forward: (from left) Veerathai Santiprabhob, Agus D.W. Martowardojo and Muhammad with the MoUs signed in Bangkok.

BANGKOK: Bank Negara Malaysia, Bank Indonesia and the Bank of Thailand (BoT) signed two bilateral memoranda of understanding (MoUs) yesterday to facilitate the use of local currencies for settlements of trade and investments.

A joint statement said Bank Negara and BOT, respectively, signed MoUs with Bank Indonesia on a framework of cooperation to promote the settlement of bilateral trade and direct investment in their local currencies.