Memorandum of Understanding between BNM & HKMA

Bank Negara Malaysia and the Hong Kong Monetary Authority jointly announced Thursday 8 December the signing of a Memorandum of Understanding (MOU) for the establishment of a large-value payment-system link between Malaysia and Hong Kong.

The two central banks will establish a link between the Ringgit real time gross settlement system in Malaysia (the RENTAS system) and the US dollar real time gross settlement system in Hong Kong (USD RTGS system). This link, scheduled to be completed in 2006,

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