Central Bank Of Malaysia Signs MoU With Turkish Central Bank

KUALA LUMPUR, May 17 (Bernama) -- Central Bank of Malaysia (Bank Negara Malaysia) has signed a Memorandum of Understanding (MoU) with the Central Bank of the Republic of Turkey to foster strategic cooperation between both countries. In a statement Thursday, Malaysia's Central Bank 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," Malaysia's Central Bank added. The MoU was signed by Malaysia's Central Bank Governor Dr Zeti Akhtar Aziz and Dr Erdem Başçı, Governor of the Central Bank of the Republic of Turkey. -- BERNAMA