Malaysia sets daily rate against the dollar
Jun 27, 2016
Analysis: What the Thai-Malay FX settlement framework means for you
Thailand and Malaysia hope to promote the use of baht and rinngit in trade between the two nations, in a move that might mitigate FX risk.
In an effort to support bilateral trade Bank Negara Malaysia and Bank of Thailand on March 8 jointly announced the launch of a local currency framework. The agreement gives Thai and Malaysian businesses direct access to the baht and the rinngit without settling payments via the US dollar.
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