Bank Negara, Bank of Thailand expand currency settlement framework

Bank Negara Malaysia and the Bank of Thailand (BOT) have further expanded the ringgit-baht settlement framework Dec 1, 2021.

KUALA LUMPUR: Bank Negara Malaysia and the Bank of Thailand (BOT) have further expanded the ringgit-baht settlement framework from Dec 1, 2021.

In a joint statement on Tuesday, the central banks said this is part of the continuous effort to facilitate wider use of local currencies for settlement of trade and direct investment between Malaysia and Thailand.