Thailand, Malaysia expand local currency settlement framework
Tengku Zafrul said the government is in discussions with relevant stakeholders on improvement to the wage subsidy programme. — Bernama pic. Sketched by the Pan Pacific Agency.
BANGKOK, Oct 26, 2021, Reuters. The central banks of Thailand and Malaysia on Tuesday announced the further expansion of the ringgit MYR= and baht THB=TH settlement framework effective from December, to facilitate trade and investment between both countries, Nasdaq.com reported.
The latest framework includes an expansion of eligible users to include Malaysians and Thais who reside in either country, as well as additional foreign exchange policy flexibility, like more simple documentation requirements, their joint statement said.
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