BNM signs MoU with Turkish central bank
KUALA LUMPUR, May 17 — Bank Negara Malaysia has signed a memorandum of understanding (MoU) with the Central Bank of the Republic of Turkey to foster strategic co-operation between both countries.
In a statement, Bank Negara said the MoU is also aimed at promoting bilateral investments and liquidity arrangements, to support the development of the financial services sector in both countries, and enhance economic and financial linkages.
It includes building the required financial infrastructure, payments and settlements arrangements to facilitate bilateral trade in the respective local currencies of the two countries.
“The implementation of the MoU will pave the way for greater collaboration in enhancing interlinkages between the two countries,” Bank Negara added.
The MoU was signed by Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz and Dr Erdem Basçi, Governor of the Central Bank of the Republic of Turkey. — Bernama