Bank Negara, BI and BOT widen local currency transaction framework


- Samsul Said/Bloomberg

KUALA LUMPUR: Bank Negara Malaysia, Bank Indonesia (BI) and the Bank of Thailand (BOT) have appointed additional qualified commercial banks as Appointed Cross-Currency Dealers (ACCDs) under the Local Currency Transaction Framework (LCTF).

In a statement, Bank Negara said these banks will facilitate cross-border trade and investment settlements in local currencies between the respective countries.

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