Regulators promote ringgit, baht liquidity
The central banks of Malaysia and Thailand have agreed to a reciprocal arrangement aimed at improving liquidity facilities to financial institutions in both countries.
Under the arrangement, eligible financial institutions operating in Malaysia may obtain ringgit liquidity from the Malaysian central bank by pledging Thai baht or baht-denominated government or central bank bonds.
Likewise, eligible financial institutions operating in Thailand may obtain baht liquidity from the Bank of Thailand by pledging ringgit-denominated government or central bank bonds.
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