PETALING JAYA: Bank Negara Malaysia, Bank Indonesia (BI) and the Bank of Thailand (BOT) have announced the adoption of a harmonised Local Currency Transaction Framework Operational Guidelines (LCTF OG) and the expansion of eligible cross-border transactions under the framework.
“The harmonised LCTF OG enhances consistency, scalability and efficiency in facilitating local currency transactions across the three countries. It consolidates bilateral guidelines previously established between the countries and allows for streamlined processes with greater transparency for participating financial institutions and their users.
