Japan, Malaysia sign bilateral swap deal


Bank Negara said this bilateral swap arrangement enables both authorities to swap their local currencies (that is yen and ringgit, respectively) for US dollar.

KUALA LUMPUR: Bank of Japan, acting as agent of the Minister of Finance of Japan, and Bank Negara Malaysia had on Friday signed the second bilateral swap arrangement (BSA).

In a statement, Bank Negara said this BSA enables both authorities to swap their local currencies (that is yen and ringgit, respectively) for US dollar.

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