KUALA LUMPUR: The Export-Import Bank of Malaysia Bhd (EXIM Bank Malaysia) and the Industrial and Commercial Bank of China (Malaysia) Bhd (ICBC Malaysia) have inked a memorandum of understanding (MOU) to jointly promote the use of the Chinese yuan as a trade and investment settlement currency between Malaysia and China.
EXIM Bank Malaysia acting president and chief executive officer (CEO) Nurbayu Kasim Chang said the move will promote transactions and foster financial integration between the two nations.
