Central Banking

Malaysian and Thai central banks agree deeper cooperation

Hand shake

On February 2, Bank Negara Malaysia and the Bank of Thailand jointly announced they had signed a memorandum of understanding. The agreement will see the countries enter into a cross-border collateral arrangement, which will "facilitate a reciprocal operational arrangement aimed at enhancing liquidity facilities to financial institutions in both countries", said the central banks.

The central banks said the decision to sign the document came about due to the recognition of a growing presence of c

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