US EditionMalaysia, Indonesia and Thailand Expand Local Currency Transaction Framework
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Malaysia, Indonesia and Thailand expand local currency transaction framework
Bank Negara Malaysia (BNM), Bank Indonesia (BI) and the Bank of Thailand (BOT) have announced the appointment of additional qualified commercial banks to operationalize the Local Currency Transaction Framework (LCTF). These qualified banks, known as Appointed Cross-Currency Dealers (ACCDs), will facilitate cross-border settlement of trade and investment between the respective countries, the central banks said in a statement on Wednesday. This in…
Central Banks of Malaysia, Indonesia, and Thailand Expand Local Currency Framework - Fintech News Malaysia
The central banks of Malaysia, Indonesia and Thailand have appointed additional qualified commercial banks to operationalise the Local Currency Transaction Framework (LCTF), which promotes the use of local currencies in cross-border trade and investment. Bank Negara Malaysia, Bank Indonesia and the Bank of Thailand said the newly appointed Appointed Cross-Currency Dealers (ACCDs) will facilitate the settlement of trade and investment in local cu…
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